Trade Practices Amendment Regulations 2001 (No. 4) (Cth)

Trade Practices Amendment Regulations 2001 (No. 4)1

Statutory Rules 2001 No. 1492

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Trade Practices Act 1974.

Dated 13 June 2001

WILLIAM DEANE

Governor-General

By His Excellency’s Command

JOE HOCKEY

Minister for Financial Services and Regulation

1Name of Regulations

 These Regulations are the Trade Practices Amendment Regulations 2001 (No. 4).

2Commencement

 These Regulations commence on gazettal.

3Amendment of Trade Practices Regulations 1974

Schedule 1 amends the Trade Practices Regulations 1974.

Schedule 1Amendment

(regulation 3)

  

[1]After regulation 58

insert

59Financial institutions duty

 For paragraph (d) of the definition of New Tax System changes in section 75AT of the Act, the abolition of the liability to pay financial institutions duty, under the following laws, is a prescribed change:

• (a)

  Schedule 10 to the Intergovernmental Agreement Implementation (GST) Act 2000 of New South Wales;

• (b)

  Part 5 of the National Taxation Reform (Consequential Provisions) Act 2000 of Victoria;

• (c)

  Part 2 of the Financial Relations Agreement(Consequential Provisions) Act 1999 of Western Australia;

• (d)

  Part 5 of the National Tax Reform (State Provisions) Act 2000 of South Australia;

• (e)

  Part 5 of the National Taxation Reform (Commonwealth-State Relations) Act 1999 of Tasmania;

• (f)

  Part 3 of the Financial Relations Agreement Consequential Amendments Act 2000 of the Australian Capital Territory;

• (g)

  Part 5 of the Financial Relations Agreement (Consequential Provisions) Act 2000 of the Northern Territory.

60Stamp duty on quoted marketable securities

 For paragraph (d) of the definition of New Tax System changes in section 75AT of the Act, the abolition of the liability to pay stamp duty on quoted marketable securities, under the following laws, is a prescribed change:

• (a)

  Schedule 2 to the Intergovernmental Agreement Implementation (GST) Act 2000 of New South Wales;

• (b)

  Part 7 of the National Taxation Reform (Consequential Provisions) Act 2000 of Victoria;

• (c)

  Part 5 of the GST and Related Matters Act 2000 of Queensland;

• (d)

  Part 5 of the Financial Relations Agreement (Consequential Provisions) Act 1999 of Western Australia;

• (e)

  Part 8 of the National Tax Reform (State Provisions) Act 2000 of South Australia;

• (f)

  Part 2 of the Financial Relations Agreement Consequential Amendments Act 2000 of the Australian Capital Territory;

• (g)

  Part 6 of the Financial Relations Agreement (Consequential Provisions) Act 2000 of the Northern Territory.

Notes

1. These Regulations amend Statutory Rules 1974 No. 170, as amended by 1974 Nos. 175 and 247; 1975 No. 13; 1977 No. 100 (void and of no effect); 1978 No. 212; 1979 Nos. 1 and 87; 1980 No. 39; 1982 No. 68; 1989 No. 199; 1992 Nos. 71 and 92; 1993 No. 21; 1995 Nos. 248 and 330; 1996 No. 20; 1997 Nos. 53, 86 and 322; 1998 No. 365; 1999 No. 251; 2000 Nos. 163, 164 and 186; 2001 Nos. 40, 57 and 74.

2. Notified in the Commonwealth of Australia Gazette