Northern Territory Repealed Regulations

This legislation has been repealed.

DEBITS TAX REGULATIONS

NORTHERN TERRITORY OF AUSTRALIA

DEBITS TAX REGULATIONS

As in force at 1 July 2008

Table of provisions

NORTHERN TERRITORY OF AUSTRALIA

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This reprint shows the Regulations as in force at 1 July 2008. Any amendments that commence after that date are not included.

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DEBITS TAX REGULATIONS

Regulations under the Debits Tax Act

1. Citation

These Regulations may be cited as the Debits Tax Regulations.

1. Commencement

These Regulations shall come into operation or, as the case may be, shall be deemed to have come into operation, on 1 July 1993.

1. Exempt debit

A debit made for the purpose of recovering from the account holder an amount in respect of an amount of duty paid under the Financial Institutions Duty Act is a kind of debit for the purposes of paragraph (c) of the definition of exempt debit in section 3(1) of the Debits Tax Administration Act 1982 of the Commonwealth as applying as a law of the Territory by reason of section 10 of the Debits Tax Act.

1. Excluded debit

A debit made to an account that is:

(a) a trust account included in a class of trust accounts approved by the Commissioner for the purposes of this provision; and

(b) established and maintained solely or primarily for the collection and payment of stamp duty in accordance with permission granted by the Commissioner under section 17A of the Taxation (Administration) Act as in force before 1 January 2008,

is a kind of debit for the purposes of paragraph (d) of the definition of excluded debit in section 3(1) of the Debits Tax Administration Act 1982 of the Commonwealth as applying as a law of the Territory by reason of section 10 of the Debits Tax Act.

ENDNOTES

1 KEY

Key to abbreviations

amd = amended od = order
app = appendix om = omitted
bl = by-law pt = Part
ch = Chapter r = regulation/rule
cl = clause rem = remainder
div = Division renum = renumbered
exp = expires/expired rep = repealed
f = forms s = section
Gaz = Gazette sch = Schedule
hdg = heading sdiv = Subdivision
ins = inserted SL = Subordinate Legislation
lt = long title sub = substituted

nc = not commenced

2 LIST OF LEGISLATION

3 LIST OF AMENDMENTS

r 3 amd No. 32, 1999, r 2

r 4 ins No. 32, 1999, r 3

amd Act No. 23, 2008, s 21