Financial Institutions Duty Amendment Act 1994 (WA)

WESTERN AUSTRALIA

FINANCIAL INSTITUTIONS DUTY

AMENDMENT ACT 1994

No. 50 of 1994

AN ACT to amend the Financial Institutions Duty Act 1983.

[Assented to 10 October 1994.]

The Parliament of Western Australia enacts as follows:

Short title

1. This Act may be cited as the Financial Institutions Duty

Amendment Act 1994.

No. 50] Financial Institutions Duty Amendment

Act 1994

Commencement

2.     This Act comes into operation on such day as is fixed by

proclamation.

Section 3 amended

3. Section 3 of the Financial Institutions Duty Act 1983* is

amended —

(a) in subsection (14), by deleting "subsection (19e)" and substituting the following —

subsection (19e) (b) "; and

(b) by repealing subsection (19e) and substituting the following subsection

(19e) Notwithstanding subsections (12)

and (13), where an amount —

(a)	is credited to an account kept in Western Australia by a bank in the name of a person other than the bank; and
(b)	is subsequently credited to an account kept by that bank and used only to facilitate the transfer of money to a State or Territory in which a corresponding law is in force,

the credit referred to in paragraph (b) does not constitute a receipt for the purposes of this Act.

Reprinted as at 19 November 1992.]