FINANCIAL INSTITUTIONS DUTY REGULATIONS (AMENDMENT) (NO. 5 OF 1991) 

- TABLE OF PROVISIONS

1. Commencement  
2.   Regulation 3 of the Financial Institutions Duty Regulations is repealed and the following regulation substituted:  

FINANCIAL INSTITUTIONS DUTY REGULATIONS (AMENDMENT) (NO. 5 OF 1991)
- REG 1
Commencement

1.  These Regulations commence on 1 March 1991.
 Substitution

FINANCIAL INSTITUTIONS DUTY REGULATIONS (AMENDMENT) (NO. 5 OF 1991)
- REG 2
2.  Regulation 3 of the Financial Institutions Duty Regulations is repealed and the following regulation substituted:
 Prescribed accounts
"3.  (1)  For the purpose of paragraph 19 (1) (e) of the Act, the
following accounts are prescribed:
         (a)     a clearing or settlement account kept by a bank which is a registered
financial institution on behalf of--
               (i)     2 or more building societies or credit societies; or
               (ii)     a person who operates the account on behalf of 2 or more building
societies or credit societies;
         (b)     an account kept by a registered financial institution on behalf of a
non-business government body, other than an account--
               (i)     kept, whether wholly or partially, in relation to transactions entered
into by or on behalf of the body in carrying on an activity in the nature of a
business (whether or not for profit); or
               (ii)     to which paragraph 19 (1) (ca) of the Act applies
"(2)  In subregulation (1)--  'building
societies' and 'credit societies' have the same respective
meanings as in the Co-operative Societies Act 1939;
'non-business government body' means an authority or department
of the Territory, the Commonwealth, a State or another Territory whose sole or
principal function is not the carrying on of an activity in the nature of a
business (whether or not for profit).".

FINANCIAL INSTITUTIONS DUTY REGULATIONS (AMENDMENT) (NO. 5 OF 1991)
- NOTES
NOTES

1.    Notified in the ACT Gazette on 1 March 1991.

2.    Regulations 1990 No. 17.

(c)  Australian Capital Territory
2003

FINANCIAL INSTITUTIONS DUTY REGULATIONS (AMENDMENT) (NO. 5 OF 1991)
- NOTES

AUSTRALIAN CAPITAL
TERRITORY
Regulations 1991   No.
 51

The Australian Capital Territory Executive hereby makes the following
Regulations under the Financial Institutions Duty Act 1987.

Dated 28 February 1991.
    CRAIG DUBY
    Minister
    BERNARD COLLAERY
    Minister