Financial Institutions Duty Amendment Regulations 2000 (WA)

3432 GOVERNMENT GAZETTE, WA 130 June 2000

SX301*

Financial Institutions Duty Act 1983

Financial Institutions Duty Amendment

Regulations 2000

Made by the Administrator in Executive Council.

1.            Citation

These regulations may be cited as the Financial Institutions
Duty Amendment Regulations 2000.

2.            Commencement

These regulations come into operation on 1 July 2000.

of first home owner grants; or

3.            Regulation SC inserted

After regulation 5B of the Financial Institutions Duty
Regulations 1984* the following regulation is inserted —

44  

SC. Prescription under section 10(4)(r) — first home
owner grants

(1) A receipt that arises from the payment of a first home

owner grant and that is —

(a)	a direct deposit to the credit of an account kept by a registered financial institution in the name of an applicant for the grant;
(b)	a credit to an account of a delegate of the Commissioner that is used by the delegate solely for the purpose of receiving the payment

30 June 20001 GOVERNMENT GAZETTE, WA 3433

(c) the transfer of a credit referred to in

paragraph (b) to an account referred to in

paragraph (a),

is prescribed under section 10(4)(r) of the Act as a

receipt to which the Act does not apply.

(2) In subregulation (1) —

"delegate of the Commissioner" means a financial
institution or other person to which functions of
the Commissioner are delegated under an
administration agreement entered into under
section 37 of the First Home Owner Grant

Act 2000;

"first home owner grant" means a grant authorised to

First Home Owner Grant

be paid under the meaning of that Act.

['Reprinted as at 25 June 1997.

For amendments to 19 June 2000 see 1999 Index to

Legislation of Western Australia, Table 4, p. 82.]

By Command of the Administrator,

ROD SPENCER, Clerk of the Executive Council.