Loan (Income Equalization Deposits) Regulations (Amendment) (Cth)

Statutory Rules 1989 No. 1351

 

Loan (Income Equalization Deposits)

Regulations2 (Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and pursuant to section 4 of the Acts Interpretation Act 1901,hereby make the following Regulations under the Loan (Income Equalization Deposits) Act 1976.

Dated 28 June 1989.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

John Kerin

Minister of State for Primary Industries and Energy

 

Principal Regulations

1. In these Regulations, “Principal Regulations” means the Loan (Income Equalization Deposits) Regulations.

2. After regulation 1 of the Principal Regulations the following regulations are inserted:

Interpretation

“1a. In these Regulations, unless the contrary intention appears:

‘the Act’ means the Loan (Income Equalization Deposits) Act 1976.

Prescribed percentage—definition of “investment component”

“1b. For the purposes of the definition of ‘investment component’ in section 3 of the Act, the following percentage is prescribed, namely, 61%.”.

3. The Principal Regulations are amended by adding at the end the following regulations:

Fee for application to make a deposit

“3. For the purposes of paragraph 10 (b) of the Act, the following fee is prescribed, namely, $20.

 

(S.R. 173/89)—Cat. No. 14/8.6.1989

 

Prescribed percentage—paragraph 20b (1) (c) of the Act

“4. For the purposes of paragraph 20b (1) (c) of the Act, the following percentage is prescribed, namely, 29%.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 June 1989.

2. Statutory Rules 1980 No. 228 as amended by 1981 No. 302; 1983 Nos. 140 and 348: 1984 Nos. 51, 129 and 218.

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