Financial Institutions Duty (Amendment) Act 1988 (ACT)

AUSTRALIAN CAPITAL TERRITORY

Financial Institutions Duty (Amendment) Ordinance 1988

No. 21 of 1988

I, THE GOVERNOR-GENERAL 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 28 April 1988.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

GARY PUNCH

Minister of State for the Arts
and Territories

An Ordinance to amend the Financial Institutions Duty Ordinance 1987

Short title

1.  This Ordinance may be cited as the Financial Institutions Duty  (Amendment) Ordinance 1988.1

Principal Ordinance

2.  In this Ordinance, “Principal Ordinance” means the Financial Institutions Duty Ordinance 1987.2

Interpretation

3.  Section 3 of the Principal Ordinance is amended by inserting in subsection (1) the following definition in its appropriate alphabetical position:

“ ‘term deposit’ does not include a short-term dealing;”.

Short-term dealing

4.  Section 7 of the Principal Ordinance is amended by omitting from paragraph (1) (a) “to him” and substituting “by him”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 4 May 1988.

2. No. 43, 1987.