Debits Tax Assessment Amendment Regulations 1997 (WA)

3782	GOVERNMENT GAZETTE, WA	[18 July 1997
STATE REVENUE
SX301

branches of a financial institution;

DEBITS TAX ASSESSMENT ACT 1990

DEBITS TAX ASSESSMENT AMENDMENT REGULATIONS 1997

Made by the Lieutenant-Governor and deputy of the Governor in Executive Council.

Citation

1.     These regulations may be cited as the Debits Tax Assessment Amendment

Regulations 1997.

Regulation 2 repealed and a regulation substituted

2.      Regulation 2 of the Debits Tax Assessment Regulations 1997* is repealed

and the following regulation is substituted —

CC

Exempt debits (s. 3 (1))

2. Where —

(a)	as a result of —
(i) the closure of a branch or the amalgamation of

18 July 1997) GOVERNMENT GAZETTE, WA 3783

(ii) any conversion, updating or relocating of data an amount is debited or credited to an account with a financial institution solely for the purpose of closing that account; and	processing systems within a financial institution; or
(iii)	the loss of an account-holder's electronic banking
card,

(b) that amount is credited or debited to a new account	established by that financial institution in the same
account-holder's name,
the debit referred to in paragraph (a) or (b) is of a class	prescribed for the purposes of paragraph (d) of the definition of
"exempt debit" in section 3 (1) of the Act.

[.* Published in Gazette 21 February 1997, pp. 1237-38.]

By Command of the Lieutenant-Governor and deputy of the Governor in Executive

Council.

J. PRITCHARD, Clerk of the Executive Council.