Federal Register of Legislation - Australian Government

Primary content

Exemptions as made
This Exemption allows any person to buy, sell or otherwise deal in foreign securities in Australia, and allows residents to buy, sell or otherwise deal in foreign securities outside Australia. It also revokes the Exemption dated 30 August 1973 relating to sub-regulation 34(1) of the Banking (Foreign Exchange) Regulations with effect from 25 June 1984.
Administered by: Treasury
Registered 20 Dec 2006
Gazetted 25 Jun 1984
Date of repeal 01 Apr 2016
Repealed by Other
Repealing Comments Enabling legislation repealed by section 50 of the Legislation Act 2003.

BANKING (FOREIGN EXCHANGE) REGULATIONS
EXEMPTION

 

              Reserve Bank of Australia in pursuance of regulation 38 of the Banking (Foreign Exchange) Regulations hereby –

1.    revokes the exemption dated 30 August 1973 relating to sub-regulation 34(1) of the Regulations;

2.    exempts from the application of sub-regulation 34(1) of the Regulations –

          (a)     any person who, either on his own behalf or on behalf of another person, buys, borrows, sells, lends or exchanges foreign securities that are in Australia or who deals otherwise with such securities that are in Australia;  and

          (b)     any resident, or any person acting on behalf of a resident, who buys, borrows, sells, lends or exchanges foreign securities that are outside Australia or who deals otherwise with such securities that are outside Australia.

 

This instrument shall come into operation on 25 June 1984.

Dated at Sydney this 21st day of June 1984.

For and on behalf of the Reserve Bank of Australia.

 

                                                                                        D. N. SANDERS
                                                                     Deputy Governor