Australian Capital Territory
Regulations 1990   No. 171

Financial Institutions Duty Regulations
The Australian Capital Territory Executive hereby makes the following Regulations under the Financial Institutions Duty Act 1987. 
Dated 7 December 1990.
	CRAIG DUBY
	Minister
	GARY HUMPHRIES
	Minister

Citation
1.  These Regulations may be cited as the Financial Institutions Duty Regulations.
Interpretation
2.  In these Regulations, unless the contrary intention appears—
“the Act” means the Financial Institutions Duty Act 1987.
Prescribed accounts
3.  (1)  For the purpose of paragraph 19 (1) (e) of the Act, a prescribed account is a clearing or settlement account kept by a bank which is a registered financial institution on behalf of—
	(a)	2 or more—
	(i)	building societies; or
	(ii)	credit societies; or
	(b)	a person who operates the account on behalf of 2 or more—
	(i)	building societies; or
	(ii)	credit societies.
(2)  In subregulation (1), “building societies” and “credit societies” have the same respective meanings as in the Co-operative Societies Act 1939.

NOTE
1.	Notified in the ACT Gazette on 14 December 1990.

©  Australian Capital Territory 1990