Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .

Legislative Assembly for the ACT: 1998 Week 7 Hansard (22 September) . . Page.. 1980 ..

MS CARNELL (continuing):

(e) a foreign exchange dealing for the purposes of a foreign exchange hedging agreement if the amount involved in the dealing is not less than $50,000, and the dealing is completed not later than 185 days after the date on which the agreement was entered into; or

(f) a futures contract within the meaning of section 72 of the Corporations Law if the amount involved in the contract is not less than $50,000, and the contract is completed within 185 days.'.".

Page 7, line 3, clause 14, after proposed new section 13A, insert the following section:

" `13AA. Registered financial institutions -- deemed registration as agents

A financial institution that is registered under section 12 and that acts as an agent of an interstate financial institution is to be taken to be registered as an agent under section 13D for the purposes of this Part.'.".

Page 13, line 30, clause 24, after proposed new paragraph 25(1)(b), insert the following paragraphs:

"(ba) a receipt of money by a short-term dealer that is taken into account in calculating the average daily liability of the dealer, where duty is payable in respect of that liability under section 13H or 15;

(bb) a receipt of money by a certified short-term dealer in respect of a short-term investment;".

Mr Speaker, I circulated these amendments to members out of session a couple of days ago so that members could look at them. They are technical; they do not change the intent of the Bill in any way. They came about as a result of consultation with various interested parties. For the interest of members, I present a supplementary explanatory memorandum.

Amendments agreed to.

Bill, as a whole, as amended, agreed to.

Bill, as amended, agreed to.

Next page . . . . Previous page . . . . Speeches . . . . Contents . . . . Debates(HTML) . . . .