Duties Regulations 2021

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:cash; bonds, debentures, stock or Treasury Bills, of a government authority; debentures, or stock, of a statutory authority constituted under the law of a government authority; notes or other securities of a government authority; deposits with authorised deposit-taking institutions; certificates of deposits, or other securities, issued by an authorised deposit-taking institution; bills of exchange, or promissory notes or other negotiable instruments, accepted, drawn or endorsed by an authorised deposit-taking institution; a guaranteed investment contract, expressed in Australian currency, of a type approved by the Commissioner; mortgage-backed securities.

For the purposes of subregulation (1) – government authority means – the Government of the Commonwealth; or the Government of Tasmania or another State; or 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.