Debits Tax (Amendment) Regulations 1998 (Vic)

Debits Tax (Amendment) Regulations 1998

S.R. No. 123/1998

TABLE OF PROVISIONS

i

STATUTORY RULES 1998

S.R. No. 123/1998

Debits Tax Act 1990

Debits Tax (Amendment) Regulations 1998

The Governor in Council makes the following Regulations:
Dated: 6 October 1998

Responsible Minister:

ALAN R. STOCKDALE

Treasurer

STACEY ROBERTSON

Acting Clerk of the Executive Council

1. Objectives

The objective of these Regulations is to prescribe a further class of debits as exempt from debits tax.

2. Authorising provisions

These Regulations are made under paragraph (e) of the definition of "exempt debit" in section 3(1) and under section 61 of the Debits Tax Act 1990.

3. Prescribed class of exempt debit

At the end of regulation 4 of the Debits Tax
Regulations1 1998 insert—

'(2) A debit that is made by a financial institution

solely to effect the transfer of an account as a kind or class prescribed for the purposes of

result of a merger or transfer of engagements
by a co-operative housing society under
Division 2 of Part II of the Co-operative

Debits Tax (Amendment) Regulations 1998

S.R. No. 123/1998

paragraph (e) of the definition of "exempt

debit" in section 3(1) of the Act.'.

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Debits Tax (Amendment) Regulations 1998
S.R. No. 123/1998