AustLII Tasmanian Numbered Regulations

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DUTIES REGULATIONS 2021 (S.R. 2021, NO. 37) - REG 6

Prescribed property

(1)  For the purposes of paragraph (c) of the definition of mortgage-backed security in section 3 of the Act, and paragraph (b) of the definition of pool of mortgages in section 3 of the Act, the following property is prescribed property:
(a) cash;
(b) bonds, debentures, stock or Treasury Bills, of a government authority;
(c) debentures, or stock, of a statutory authority constituted under the law of a government authority;
(d) notes or other securities of a government authority;
(e) deposits with authorised deposit-taking institutions;
(f) certificates of deposits, or other securities, issued by an authorised deposit-taking institution;
(g) bills of exchange, or promissory notes or other negotiable instruments, accepted, drawn or endorsed by an authorised deposit-taking institution;
(h) a guaranteed investment contract, expressed in Australian currency, of a type approved by the Commissioner;
(i) mortgage-backed securities.
(2)  For the purposes of subregulation (1)  –
government authority means –
(a) the Government of the Commonwealth; or
(b) the Government of Tasmania or another State; or
(c) the Administration of a Territory;
statutory authority means a body or authority, whether incorporated or not, that is established or constituted under a written law or under the royal prerogative, being a body or authority which, or of which the governing authority, wholly or partly comprises a person or persons appointed by the Governor, a Minister or another statutory authority, but does not include an Agency within the meaning of the State Service Act 2000 .


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