Western Australia act

Bank Mergers (Taxing) Act 1997

In ForceWA

Jurisdiction

Western Australia

Collection

act

Plain English Summary

3/10 complexity

Under this Act the Treasurer may require one or more banks involved in a merger under the Bank Mergers Act 1997 to pay an amount in lieu of any State duties, taxes, charges or rates they would otherwise incur, equal in the Treasurer’s opinion to those imposts, payable by a date or under a written undertaking. The Act excludes Registrar of Titles fees and requires a review of the Act’s operation five years after commencement.

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Current sections

Direct links to the current provisions in Bank Mergers (Taxing) Act 1997.

Bank Mergers (Taxing) Act 1997

CrestWestern Australia

Bank Mergers (Taxing) Act 1997

Western Australia

Bank Mergers (Taxing) Act 1997

Contents

Short title 1
Commencement 1
Requirement for payment of amount instead of State taxes and charges 1
Review of Act 2

Notes

Compilation table 3

Defined terms

Western Australia

Bank Mergers (Taxing) Act 1997

An Act to make provision for the payment of an amount instead of State taxes and charges, in relation to a merger to be provided for under the Bank Mergers Act 1997.

1. Short title

This Act may be cited as the Bank Mergers (Taxing) Act 1997 1.

2. Commencement

This Act comes into operation on the day on which the Bank Mergers Act 1997 comes into operation 1.

3. Requirement for payment of amount instead of State taxes and charges

(1) In this section —

bank and merger have the same meanings as they have in the Bank Mergers Act 1997.

(2) This section applies to a merger that is to be provided for under the Bank Mergers Act 1997.

(3) In relation to a merger to which this section applies, the Treasurer may require one or more of the banks concerned —

(a) to pay to the Treasurer instead of any duties, taxes, charges, rates or other imposts for which the bank or banks concerned would, but for the merger being provided for under the Bank Mergers Act 1997, be liable under the law of this State as a result of, or in connection with, the merger an amount that is, in the opinion of the Treasurer, equal to the amount of those duties, taxes, charges, rates or other imposts; and

(b) to pay that amount before a day specified by the Treasurer or to give a written undertaking to pay the amount on or after that day.

(4) This section does not apply to any fee or charge payable to the Registrar of Titles in respect of any act, dealing or other transaction relating to land.

4. Review of Act

(1) The Minister is to carry out a review of the operation and effectiveness of this Act as soon as practicable after the expiration of 5 years from its commencement.

(2) In the course of the review the Minister is to consider and have regard to any matters that appear to the Minister to be relevant to the operation and effectiveness of this Act.

(3) The Minister is to prepare a report based on the review and, as soon as is practicable after the report is prepared, is to cause it to be laid before each House of Parliament.

Notes

1 This is a compilation of the Bank Mergers (Taxing) Act 1997. The following table contains information about that Act and any reprint.

Compilation table

Short title	Number and year	Assent	Commencement
Bank Mergers (Taxing) Act 1997	9 of 1997	23 Jun 1997	23 Jun 1997 (see s. 2)
*Reprint 1: The Bank Mergers (Taxing) Act 1997* as at 20 Feb 2004**

Defined terms

[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]

Defined term Provision(s)

bank 3(1)

merger 3(1)

Source text

Sourced from the Western Australian Legislation website (legislation.wa.gov.au). Not the authorised version.

Western Australia

Bank Mergers (Taxing) Act 1997

Western Australia

Bank Mergers (Taxing) Act 1997

Contents

Short title 1
Commencement 1
Requirement for payment of amount instead of State taxes and charges 1
Review of Act 2

Notes

Compilation table 3

Defined terms

Western Australia

Bank Mergers (Taxing) Act 1997

An Act to make provision for the payment of an amount instead of State taxes and charges, in relation to a merger to be provided for under the Bank Mergers Act 1997.

1. Short title

This Act may be cited as the Bank Mergers (Taxing) Act 1997 1.

2. Commencement

This Act comes into operation on the day on which the Bank Mergers Act 1997 comes into operation 1.

3. Requirement for payment of amount instead of State taxes and charges

(1) In this section —

bank and merger have the same meanings as they have in the Bank Mergers Act 1997.

(2) This section applies to a merger that is to be provided for under the Bank Mergers Act 1997.

(3) In relation to a merger to which this section applies, the Treasurer may require one or more of the banks concerned —

(b) to pay that amount before a day specified by the Treasurer or to give a written undertaking to pay the amount on or after that day.

(4) This section does not apply to any fee or charge payable to the Registrar of Titles in respect of any act, dealing or other transaction relating to land.

4. Review of Act

(1) The Minister is to carry out a review of the operation and effectiveness of this Act as soon as practicable after the expiration of 5 years from its commencement.