Financial Institutions Duty (Amendment) Regulations 1996 (Vic)

Financial Institutions Duty (Amendment)

Regulations 1996

S.R. No. 4/1996

TABLE OF PROVISIONS

Regulation Page

1.	Objective	1
2.	Authorising provisions	1
3.	Principal Regulations	1
4.	Amendment of Regulation 16	2
5.	Insertion of Regulation 27	2
27. Broker's Return under section 35A	2
6.	Amendment of Form 7 in Schedule 2	2
7.	Insertion of Form 7A	2
8.	Insertion of Form 18	4

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NOTES 5

i

STATUTORY RULES 1996

S.R. No. 4/1996

Financial Institutions Duty Act 1982

Financial Institutions Duty (Amendment)

Regulations 1996

The Governor in Council makes the following Regulations:
Dated: 16 January 1996

Responsible Minister:

ALAN R. STOCKDALE

Treasurer

KATHY WILSON

Clerk of the Executive Council

1. Objective

The objective of these Regulations is to amend the
Financial Institutions Duty Regulations 1992 to
prescribe new forms of certificates under section
32(1) of the Financial Institutions Duty Act
1982, and to prescribe a form for the making of
returns by stockbrokers under section 35A of that

Act.

2. Authorising provisions

These Regulations are made under sections 32(1),
35A and 86 of the Financial Institutions Duty

Act 1982.

3. Principal Regulations

In these Regulations, the 1Financial Institutions Duty Regulations 1992 are called the Principal Regulations.

Financial Institutions Duty (Amendment) Regulations 1996

r. 4 S.R. No. 4/1996

4. Amendment of Regulation 16

In Regulation 16 of the Principal Regulations, after "Schedule 2" insert "for exempt bank accounts other than short-term dealing accounts and Form 7A in Schedule 2 for short-term dealing accounts".

5. Insertion of Regulation 27

After Regulation 26 of the Principal Regulations
insert—

"27. Broker's Return under section 35A

The broker's return referred to in section 35A
of the Act must be in the form set out in
Form 18 in Schedule 2 and delivered to the

Commissioner by hand or post.".

6. Amendment of Form 7 in Schedule 2

In the heading to Form 7 in Schedule 2 to the Principal Regulations after "SECTION 32(1)" insert "OTHER THAN A SHORT-TERM

DEALING ACCOUNT".

7. Insertion of Form 7A

After Form 7 in Schedule 2 to the Principal

Regulations insert—

"FORM 7A

SHORT-TERM DEALING BANK ACCOUNT ANNUAL CERTIFICATE

Financial Institutions Duty Act 1982

Section 32 (1)

Lodgement This certificate must be lodged on or before 31 August
immediately following the financial year to which this declaration relates
Additional Certificates Please photocopy this certificate if you have more
than 1 short-term dealing bank account.

Name of the registered short-term money market operator

Address Postcode

Account details
Bank Branch Address Account Number

Financial Institutions Duty (Amendment) Regulations 1996

S.R. No. 4/1996 r. 7

1. Were all amounts paid into the above account in the period 1 July

to 30 June so paid in accordance with the Act?

Yes ❏ ➔

Go to 2

No ❏ ➔

Answer the following questions

(a)	The total of the individual amounts paid into the account in contravention of the Act, where each such amount is less than $2 million, is $ and therefore the amount payable at the rate of 0.06% is $
(b)	The number of the individual amounts paid into the account in contravention of the Act, where each such amount is $2 million or more, is and therefore the amount payable at $1,200 per amount is $

2. Were all amounts paid out of the above account in the period 1 July to

30 June so paid in accordance with the Act?

Yes ❏ ➔

Go to 3

No ❏ ➔

Answer the following questions

(a)	The total of the individual amounts paid out of the account in contravention of the Act, where each such amount is less than $2 million, is $ and therefore the amount payable at the rate of 0.06% is $
(b)	The number of the individual amounts paid out of the account in contravention of the Act, where each such amount is $2 million or more, is and therefore the amount payable at $1,200 per amount is $

Total Amount Payable under Item 1 & 2 $

Additional duty payable—

$
Total Amount Payable $
3. Has the above account gone into debit at any time in the period 1 July

to 30 June ?

Yes ❏ No ❏

4. How many times was the account in debit balance in the period declared above ?

times

I, (insert name) certify that the above particulars are correct to the best of my knowledge and that I am authorised to make this certification on behalf of the above named registered short-term money market operator.

Signature of authorised person Date ".

Financial Institutions Duty (Amendment) Regulations 1996

r. 8 S.R. No. 4/1996

8. Insertion of Form 18

After Form 17 in Schedule 2 to the Principal

Regulations insert—

"FORM 18

Financial Institutions Duty Act 1982

BROKER'S RETURN UNDER SECTION 35A

For the month of (insert month and year)

Full name of Victorian broker

Address Postcode

Particulars and amounts of broker receipts

Profits from trading in securities	$
Dividends	$
Brokerage	$
Commissions	$
Interest and Fees	$
Sale of capital assets	$
Total broker receipts	$
FID payable at 0.06%	$

I, (insert name) certify that this return is true and
correct.

Signature of authorised person Date ".

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Financial Institutions Duty (Amendment) Regulations 1996

S.R. No. 4/1996

NOTES

1 S.R. No. 342/1992. Reprinted to S.R. No. 128/1994 and subsequently

amended by S.R. No. 112/1995.