NATIONAL GURANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 NO. 116, 1989 

NATIONAL GURANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 NO. 116, 1989 
- TABLE OF PROVISIONS

1. Short title  
2. Commencement  
3. Incorporation  
4. Imposition of levy  
5. Rate of levy  
6. Regulations  

NATIONAL GUARANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 No. 116, 1989 - LONG TITLE

       An Act to impose a levy on members and member organisations
                        of certain securities exchanges

NATIONAL GUARANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 No. 116, 1989
- SECT 1
Short title

                                              (Assented to 14 July 1989)
 1. This Act may be cited as the National Guarantee Fund (Members of
Participating Exchanges) Levy Act 1989.
(Minister's second reading speech made in-
    House of Representatives on 25 May 1988
    Senate on 14 October 1988)

NATIONAL GUARANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 No. 116, 1989
- SECT 2
Commencement

  2. This Act commences on the same day as Part 7.10 of the Corporations Act
1989.

NATIONAL GUARANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 No. 116, 1989
- SECT 3
Incorporation

  3. The Corporations Act 1989 is incorporated, and shall be read as one, with
this Act, and shall be so read as if the provisions of this Act were
provisions of Division 4 of Part 7.10 of that Act.

NATIONAL GUARANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 No. 116, 1989
- SECT 4
Imposition of levy

  4. Any levy that is payable by a member, or a member organisation, of a
participating exchange under section 941 of the Corporations Act 1989 is
imposed by this Act.

NATIONAL GUARANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 No. 116, 1989
- SECT 5
Rate of levy

  5. (1) The levy is payable at such rate or rates (not exceeding the
prescribed rate) as are determined in writing by the participating exchange.
  (2) The participating exchange may determine under subsection (1) different
rates of levy in respect of different classes of members, or different classes
of member organisations, of the participating exchange.

NATIONAL GUARANTEE FUND (MEMBERS OF PARTICIPATING EXCHANGES) LEVY ACT 1989 No. 116, 1989
- SECT 6
Regulations

  6. (1) The Governor-General may make regulations prescribing a maximum rate
or maximum rates in relation to participating exchanges, or a particular
participating exchange, for the purposes of section 5.
  (2) The regulations may prescribe different maximum rates in relation to
different classes of members, or different classes of member organisations, of
a participating exchange.