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1987 No. 280 COMMONWEALTH BORROWING LEVY REGULATIONS - REG 3
Exempt borrowings
3. For the purposes of section 5 of the Act, each of the following borrowings
is exempted from levy imposed by that section:
(a) borrowings applied to the financing of contracts of insurance or
indemnity entered into by the Australian Trade Commission in
accordance with an approval given pursuant to subsection 44 (3) of the
Australian Trade Commission Act 1985 ; (b) borrowings applied to the
financing of liabilities arising pursuant to guarantees given by the
Australian Trade Commission in accordance with an approval given
pursuant to subsection 44 (3) of the
Australian Trade Commission Act 1985;
(c) borrowings applied to the financing of contracts of insurance or
indemnity entered into by the Australian Trade Commission in
accordance with a direction given pursuant to subsection 44 (5) of the
Australian Trade Commission Act 1985 ;
(d) borrowings applied to the financing of liabilities arising pursuant to
guarantees given by the Australian Trade Commission in accordance with
a direction given pursuant to subsection 44 (5) of the
Australian Trade Commission Act 1985 ;
(e) borrowings applied to the financing of contracts of insurance entered
into by the Australian Trade Commission in accordance with an approval
given pursuant to subsection 48 (3) of the
Australian Trade Commission Act 1985;
(f) borrowings applied to the financing of contracts of insurance entered
into by the Australian Trade Commission in accordance with a direction
given pursuant to subsection 48 (5) of the
Australian Trade Commission Act 1985;
(g) borrowings applied to the financing of loans made by the Australian
Trade Commission in accordance with an approval given pursuant to
subsection 50 (3) of the Australian Trade Commission Act 1985;
(h) borrowings applied to the financing of loans made by the Australian
Trade Commission in accordance with a direction given pursuant to
subsection 50 (5) of the Australian Trade Commission Act 1985.
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