Credit (Amendment) Act (No 2) 1986 (ACT)

AUSTRALIAN CAPITAL TERRITORY

Credit (Amendment) Ordinance (No. 2) 1986

No. 30 of 1986

I, ADMINISTRATOR of the Government of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Ordinance under the Seat of Government (Administration) Act 1910.

Dated 24 July 1986.

J. A. ROWLAND

Administrator

By His Excellency’s Command,

G. SCHOLES

Minister of State for Territories

An Ordinance to amend the Credit Ordinance 1985

Short title

1.  This Ordinance may be cited as the Credit (Amendment) Ordinance (No. 2) 1986.¹

Commencement

2.  This Ordinance shall come into operation on such date as is fixed by the Minister by notice in the Gazette.

Principal Ordinance

3.  In this Ordinance, “Principal Ordinance” means the Credit Ordinance 1985.²

Interpretation

4.  Section 5 of the Principal Ordinance is amended by inserting after the definition of “deposit” in sub-section (1) the following definition:

“ ‘determined fee’ means the fee determined under section 263 for the purposes of the provision in which the expression occurs;”.

Application for licence

5.  Section 158 of the Principal Ordinance is amended by inserting in paragraph (3) (d) “and the address or addresses of any other place or places” after “place”.

Change of address of licensee

6.  Section 167 of the Principal Ordinance is amended—

(a)by inserting in sub-section (1) “or any other place” after “place”; and

(b)by inserting after sub-section (2) the following sub-section:

“(2A)  A notice under sub-section (1) or (2) shall be in a form approved by the Director and shall be accompanied by the determined fee.”.

Power of Minister to determine fees

7.  Section 263 of the Principal Ordinance is amended by adding at the end the following sub-section:

“(2) A determined fee may be—

(a)a specified amount; or

(b)an amount calculated in a specified manner.”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 31 July 1986.

2. No. 5, 1985 as amended to date.  For previous amendments see Note 2 to No. 29, 1986 and see also No. 29, 1986.