Financial Institutions Duty (Corresponding State Brokers) Regulations 1996 (Vic)

Financial Institutions Duty (Corresponding State

Brokers) Regulations 1996

S.R. No. 61/1996

TABLE OF PROVISIONS

Regulation Page

1.	Objective	1
2.	Principal Regulations	1
3.	Authorising provisions	2
4.	Insertion of regulation 7A	2
7A. Class of persons to which the Act does not apply	2
5.	Amendment of regulation 8	2

i

STATUTORY RULES 1996

S.R. No. 61/1996

Financial Institutions Duty Act 1982

Financial Institutions Duty (Corresponding State

Brokers) Regulations 1996

The Lieutenant-Governor as the Governor's Deputy with the
advice of the Executive Council makes the following
Regulations:
Dated: 2 July 1996

Responsible Minister:

ALAN R. STOCKDALE

Treasurer

A. WILTSHIRE

Acting Clerk of the Executive Council

1. Objective

The objective of these Regulations is to amend the Financial Institutions Duty Regulations 1992 by prescribing dealers who are brokers who lodge or are required to lodge quarterly returns with the Australian Stock Exchange Limited in a corresponding State or Territory to be a class of persons to which the Financial Institutions Duty Act 1982 does not apply.

2. Principal Regulations

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

Financial Institutions Duty (Corresponding State Brokers)
Regulations 1996

r. 3 S.R. No. 61/1996

3. Authorising provisions

These Regulations are made under sections 3(1)
and 86 of the Financial Institutions Duty Act

1982.

4. Insertion of regulation 7A

After regulation 7 of the Principal Regulations

insert�

'7A. Class of persons to which the Act does not

apply

For the purposes of paragraph (t) of the definition of "financial institution" in section 3(1) of the Act, dealers who are brokers who lodge or are required to lodge quarterly returns with the Australian Stock Exchange Limited in a corresponding State or Territory are a class of persons to which the Act does not apply.'.

5. Amendment of regulation 8

In regulation 8(1)(l) of the Principal Regulations, after "account kept" insert "by it".

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Financial Institutions Duty (Corresponding State Brokers)

Regulations 1996 S.R. No. 61/1996