State Financial Institutions and Metway Merger Facilitation Amendment Regulation (No. 3) 1996 (Qld)

Queensland Subordinate Legislation 1996 No. 359 State Financial Institutions and Metway Merger Facilitation Act 1996 STATE FINANCIAL INSTITUTIONS AND METWAY MERGER FACILITATION AMENDMENT REGULATION (No. 3) 1996 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Insertion of new pt 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 PART 5—EXEMPTION FROM STATE TAX 11 Exemptions for domestic equities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s3 State Financial Institutions and Metway Merger No. 359, 1996 Facilitation Amendment (No. 3) ˙ Short title 1. This regulation may be cited as the State Financial Institutions and Metway Merger Facilitation Amendment Regulation (No. 3) 1996 . ˙ Regulation amended 2. This regulation amends the State Financial Institutions and MetwayMerger Facilitation Regulation 1996 . ˙ Insertion of new pt 5 3. After section 10— insert— ‘ PART 5—EXEMPTION FROM STATE TAX ˙ ‘ Exemptions for domestic equities ‘ 11.(1) For section 76(2) of the Act, it is declared that State tax is not payable in relation to the transfer to Suncorp General Investments Limited (A.C.N. 073 979 496) on 2 December 1996 of domestic equities held by Suncorp General Insurance Limited 1 (A.C.N. 075 695 966) on the Metway amalgamation day. ‘ (2) In subsection (1)— “domestic equities” means securities (within the meaning of the CorporationsLaw, section 92) and futures contracts (within the meaning of the Corporations Law, section 72).’. 1 Suncorp Insurance and Finance was registered under the CorporationsLaw, part 2.2, division 3 on 3 October 1996 and on registration its name was changed to Suncorp General Insurance Limited. Suncorp Insurance and Finance was an SFI under the Act.

3 State Financial Institutions and Metway Merger No. 359, 1996 Facilitation Amendment (No. 3) ENDNOTES 1. Made by the Governor in Council on 28 November 1996. 2. Notified in the gazette on 29 November 1996. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Treasury Department. © State of Queensland 1996