COMMONWEALTH BORROWING LEVY REGULATIONS 

- made under the Commonwealth Borrowing Levy Act 1987

- TABLE OF PROVISIONS

1.  Citation [see Note 1]    
2.  Interpretation    
3.  Exempt borrowings    
4.  Rate of levy    

COMMONWEALTH BORROWING LEVY REGULATIONS
- REG 1     Citation [see Note 1] 

 
        These Regulations may be cited as the Commonwealth Borrowing Levy
Regulations.

COMMONWEALTH BORROWING LEVY REGULATIONS
- REG 2     Interpretation 

 
        In these Regulations, unless the contrary intention appears:

"the Act" means the Commonwealth Borrowing Levy Act 1987.

COMMONWEALTH BORROWING LEVY REGULATIONS
- REG 3     Exempt borrowings 

 
        For the purposes of section 5 of the Act, each of the following
borrowings is exempted from levy imposed by that section:

        (a)  borrowings applied to the financing of contracts of insurance or indemnity
entered into by the Australian Trade Commission in accordance with an approval
given pursuant to subsection 44 (3) of the Australian Trade Commission Act
1985;
        (b)  borrowings applied to the financing of liabilities arising pursuant to
guarantees given by the Australian Trade Commission in accordance with an
approval given pursuant to subsection 44 (3) of the Australian Trade
Commission Act 1985;
        (c)  borrowings applied to the financing of contracts of insurance or indemnity
entered into by the Australian Trade Commission in accordance with a direction
given pursuant to subsection 44 (5) of the Australian Trade Commission Act
1985;
        (d)  borrowings applied to the financing of liabilities arising pursuant to
guarantees given by the Australian Trade Commission in accordance with a
direction given pursuant to subsection 44 (5) of the Australian Trade
Commission Act 1985;
        (e)  borrowings applied to the financing of contracts of insurance entered into
by the Australian Trade Commission in accordance with an approval given
pursuant to subsection 48 (3) of the Australian Trade Commission Act
1985;
        (f)  borrowings applied to the financing of contracts of insurance entered into
by the Australian Trade Commission in accordance with a direction given
pursuant to subsection 48 (5) of the Australian Trade Commission Act
1985;
        (g)  borrowings applied to the financing of loans made by the Australian Trade
Commission in accordance with an approval given pursuant to subsection 50 (3)
of the Australian Trade Commission Act 1985;
        (h)  borrowings applied to the financing of loans made by the Australian Trade
Commission in accordance with a direction given pursuant to subsection 50 (5)
of the Australian Trade Commission Act 1985;
        (i)  borrowings by way of overdraft, being borrowings that do not remain
outstanding for more than 30 days.

COMMONWEALTH BORROWING LEVY REGULATIONS
- REG 4     Rate of levy 

 
        For section 6 of the Act, the annual rate is 0.0% of the amount for
which the levy is payable.

COMMONWEALTH BORROWING LEVY REGULATIONS

- NOTES

Compilation Information

[GRAPHIC]Commonwealth Borrowing Levy Regulations
Statutory Rules 
1987
No. 
280
as amended
This compilation was prepared on 21 April 2004taking into account
amendments up to SR 1997 No. 337
Prepared by the Office of Legislative Drafting,Attorney-General's
Department, Canberra
  
  

COMMONWEALTH BORROWING LEVY REGULATIONS

- NOTES

COMMONWEALTH BORROWING LEVY REGULATIONSNotes to the Commonwealth Borrowing Levy Regulations

Note 1
The Commonwealth Borrowing Levy Regulations (in force under the
Commonwealth Borrowing Levy Act 1987) as shown in this compilation
comprise Statutory Rules 1987 No. 280 amended as indicated in the Tables
below. 
Table of Statutory Rules

Year
and number

Date
of notification in Gazette

Date
ofcommencement

Application,
saving ortransitional provisions

1987
No. 280

14
Dec 1987

14
Dec 1987

1988
No. 169

30
June 1988

1
July 1988

--

1997
No. 337

3
Dec 1997

16
Dec 1997

--
Table
of Amendments

ad.
= added or inserted      am. = amended      rep. = repealed      rs. = repealed
and substituted

Provision
affected

How
affected

R.
3	

am.
1988 No. 169

R.
4	

rs.
1997 No. 337