Victorian Consolidated Legislation

Financial Institutions Duty Act 1982 - SECT 42

Returns by depositors

42. Returns by depositors



(1) Each depositor shall, within 21 days after the end of each month, furnish
to the Commissioner a return relating to that month in which he specifies-

   (a)  the total dutiable deposits other than dutiable deposits referred to
        in paragraph (b); and

   (b)  the number of dutiable deposits of, or exceeding, $2 000 000-

that were made by him during that month.

(2) Where, in respect of a month, section 21, by reason of section 24(3), has
effect as if a reference to a depositor were a reference to a person nominated
or appointed in relation to a group for the purposes of section 24(3)-

   (a)  that person shall, within 21 days after the end of that month, furnish
        to the Commissioner, a return relating to that month in which he
        specifies-

   (i)  the total dutiable deposits of each member of the group during the
        month other than dutiable deposits referred to in subparagraph (ii);

   (ii) each dutiable deposit of each member of the group during the month of
        or exceeding $2 000 000; and

   (iii) the total dutiable deposits of each member of the group during the
        period of twelve months immediately preceding that month; and



   (b)  each member of the group specified in a return so furnished shall be
        deemed to have furnished, when the first-mentioned return is
        furnished, a return under subsection (1) relating to that month.