NATIONAL GUARANTEE FUND (REPORTABLE TRANSACTIONS) LEVY ACT 1989 NO. 114, 1989 

NATIONAL GUARANTEE FUND (REPORTABLE TRANSACTIONS) LEVY ACT 1989 NO. 114, 1989 
- TABLE OF PROVISIONS

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

NATIONAL GUARANTEE FUND (REPORTABLE TRANSACTIONS) LEVY ACT 1989 No. 114, 1989 - LONG TITLE

         An Act to impose a levy on certain transactions in securities

NATIONAL GUARANTEE FUND (REPORTABLE TRANSACTIONS) LEVY ACT 1989 No. 114, 1989
- SECT 1
Short title

                                             (Assented to 14 July 1989)
 1. This Act may be cited as the National Guarantee Fund (Reportable
Transactions) 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 (REPORTABLE TRANSACTIONS) LEVY ACT 1989 No. 114, 1989
- SECT 2
Commencement

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

NATIONAL GUARANTEE FUND (REPORTABLE TRANSACTIONS) LEVY ACT 1989 No. 114, 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 (REPORTABLE TRANSACTIONS) LEVY ACT 1989 No. 114, 1989
- SECT 4
Imposition of levy

  4. Any levy that is payable under section 938 of the Corporations Act 1989
is imposed by this Act.

NATIONAL GUARANTEE FUND (REPORTABLE TRANSACTIONS) LEVY ACT 1989 No. 114, 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 by SEGC.
  (2) SEGC may determine under subsection (1) different rates of levy in
respect of:
  (a)  transactions in different kinds of securities; or
  (b)  transactions by dealers included in different classes of dealers.

NATIONAL GUARANTEE FUND (REPORTABLE TRANSACTIONS) LEVY ACT 1989 No. 114, 1989
- SECT 6
Regulations

  6. (1) The Governor-General may make regulations prescribing a maximum rate
or maximum rates for the purposes of section 5.
  (2) The regulations may prescribe different maximum rates in relation to:
  (a)  transactions in different kinds of securities; or
  (b)  transactions by dealers included in different classes of dealers.