South Australian Consolidated Regulations

FINANCIAL INSTITUTIONS DUTY REGULATIONS 1998 - REG 8

8—Amounts not to be debited against short-term dealing account

        (1)         Pursuant to section 32(5) of the Act, an amount must not be debited against a short-term dealing account kept by an ADI in the name of a registered short-term money market operator unless the amount—

            (a)         is an amount paid by that operator in the course of short-term dealings; or

            (b)         is an amount paid from that account to another account kept in the name of that operator in South Australia or in a prescribed State or Territory by that ADI or by another ADI that is a registered financial institution.

        (2)         In this regulation—

"a prescribed State or Territory" means a State or Territory prescribed for the purposes of section 32(4)(b) of the Act.