Banking (Foreign Exchange) Regulations 1959 - Exemption (subregulation 6(1)) (29/06/1990)

1 Banking (Foreign Exchange) Regulations 1959 - Exemption (subregulation 6(1)) (29/06/1990)

Banking (Foreign Exchange) Regulations 1959 – Exemption (subregulation 6(1)) (29/06/1990)

as amended

made under regulation 38 of the

Banking (Foreign Exchange) Regulations 1959

This compilation was prepared on 19 October 2011
taking into account amendments up to Variations of Exemption (subregulation 6(1)) – Libya (04/03/2011) and Syria (16/06/2011) as amended by the Directions relating to foreign currency transactions and to Libya and Syria – Amendment to the Annex and Variation of Exemptions – Amendment to the Annexes (13/10/2011)

Prepared by the Office of Legislative Drafting and Publishing,
Attorney-General’s Department, Canberra

Exemption (subregulation 6(1)) (29/06/1990)

Reserve Bank of Australia in pursuance of Regulation 38 of the Banking (Foreign Exchange) Regulations hereby:

1. revokes the exemption dated 18 December 1984 relating to sub-regulation 6(1) of the Regulations and the taking out of Australia by any person of any Australian currency notes and coin not exceeding five thousand dollars;

2. revokes the exemption dated 18 December 1989 relating to sub-regulation 6(1) of the Regulations and the sending out of Australia by any person of Australian currency in the form of coin to a maximum value of five thousand dollars within any period of twelve months;

3. exempts from the application of sub-regulation 6(1) of the Regulations the taking or sending out of Australia by a person of any Australian currency.
   [see Notes 2, 3, 4, 5, 6, 8, 9 and 10]

This instrument shall come into operation on 1 July 1990.

Dated at Sydney this 29th day of June 1990.

Notes to the Banking (Foreign Exchange) Regulations
1959 – Exemption (subregulation 6(1)) (29/06/1990)

Note 1

Note: The Banking (Foreign Exchange) Regulations 1959 – Exemption (subregulation 6(1)) (29/06/1990) (in force under regulation 38 of the Banking (Foreign Exchange) Regulations 1959) as shown in this compilation is amended as indicated in the Tables below.

Note: > Note: Table of Instruments

<table cellspacing="0" cellpadding="0" style="width:445pt; margin-right:auto; margin-left:auto; border-collapse:collapse"><thead><tr style="height:51.95pt"><td style="width:156.1pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead" style="margin-right:0.6pt"><span>Title</span></p></td><td style="width:93.1pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead" style="margin-right:0.6pt"><span>Date of</span><span> </span><span>FRLI registration</span><span>/ notification in</span><br><span style="font-style:italic">Gazette</span></p></td><td style="width:76.8pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead" style="margin-right:0.6pt"><span>Date of</span><br><span>commencement</span></p></td><td style="width:75.4pt; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableColHead" style="margin-right:0.6pt"><span>Application, saving or</span><br><span>transitional provisions</span></p></td><td style="vertical-align:top"></td></tr></thead><tbody><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:9.4pt; text-indent:-9pt"><span>Exemption (subregulation 6(1)) (29/06/1990)</span><span></span><br><span>(F2006B1172</span><span>5</span><span>)</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules"><span>11 </span><span>July</span><span> </span><span>1990</span><span> </span><span>(</span><span style="font-style:italic">see Gazette</span><span> </span><span>1990, </span><span>No.</span><span> </span><span>GN</span><span>27</span><span>)</span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:0.4pt; margin-bottom:3pt"><span>1 July 1990</span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:7.1pt; text-indent:-7.1pt"><span></span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:9.4pt; text-indent:-9pt"><span>Revocation of Variation of </span><span style="font-family:Helvetica, sans-serif">Exemption and Variation of Exemption (subregulation 6(1)) (17/10/2001) (F2006B11730)</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules"><span>24 Oct 2001 </span><span>(</span><span style="font-style:italic">see Gazette</span><span> </span><span>2001, No.</span><span> </span><span>GN42)</span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:0.4pt; margin-bottom:3pt"><span>17 Oct 2001</span><span> (</span><span style="font-style:italic">see</span><span> Note</span><span>s</span><span> 2</span><span> and 5</span><span>)</span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules"><span>—</span></p></td><td style="vertical-align:top"></td></tr><tr style="height:28.8pt"><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:9.4pt; margin-bottom:3pt; text-indent:-9pt"><span style="font-family:Helvetica, sans-serif">Variation of Exemption</span><br><span style="font-family:Helvetica, sans-serif">(subregulation 6(1)) </span><span style="font-family:Helvetica, sans-serif">– Zimbabwe </span><span style="font-family:Helvetica, sans-serif">(25/11/2002)</span><br><span style="font-family:Helvetica, sans-serif">(F2006B11726)</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-bottom:3pt"><span>11</span><span> </span><span>Dec 2002 </span><span>(</span><span style="font-style:italic">see Gazette</span><span> </span><span>2002, No.</span><span> </span><span>GN49)</span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:0.4pt; margin-bottom:3pt"><span>25 Nov 2002</span><span> (</span><span style="font-style:italic">see</span><span> Note 3)</span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-bottom:3pt"><span>—</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:12.1pt"><span style="font-family:Helvetica, sans-serif; font-weight:bold">as amended by</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules"><span></span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules"><span></span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules"><span></span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:20.2pt; text-indent:-8.1pt"><span style="font-family:Helvetica, sans-serif">Direction relating to foreign currency transactions and to Zimbabwe</span><span> </span><span>–</span><span> </span><span style="font-family:Helvetica, sans-serif">Amendment to the Annex and Variation of Exemptions</span><span style="font-family:Helvetica, sans-serif"> </span><span style="font-family:Helvetica, sans-serif">–</span><span style="font-family:Helvetica, sans-serif"> Amendment to the Annexes</span><span style="font-family:Helvetica, sans-serif"> </span><span style="font-family:Helvetica, sans-serif">(24/11/2005)</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-bottom:3pt; text-indent:0.4pt"><span style="font-family:Helvetica, sans-serif">28 Nov 2005 (</span><span style="font-family:Helvetica, sans-serif; font-style:italic">see</span><span style="font-family:Helvetica, sans-serif"> F2005L03697)</span></p><p class="TableOfStatRules" style="text-indent:0.4pt"><span style="font-family:Helvetica, sans-serif">30 Nov 2005 (</span><span style="font-family:Helvetica, sans-serif; font-style:italic">see Gazette</span><span style="font-family:Helvetica, sans-serif"> 2005, No.</span><span style="font-family:Helvetica, sans-serif"> </span><span style="font-family:Helvetica, sans-serif">GN47)</span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:0.4pt; margin-bottom:3pt"><span style="font-family:Helvetica, sans-serif">30 Nov 2005</span><span style="font-family:Helvetica, sans-serif"> (</span><span style="font-family:Helvetica, sans-serif; font-style:italic">see</span><span style="font-family:Helvetica, sans-serif"> Note 3)</span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:9.4pt; text-indent:-9pt"><span style="font-family:Helvetica, sans-serif">—</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:20.2pt; text-indent:-8.1pt"><span style="font-family:Helvetica, sans-serif">Direction relating to foreign currency transactions and to Zimbabwe</span><span> </span><span>–</span><span> </span><span style="font-family:Helvetica, sans-serif">Amendment to the Annex and Variation of Exemptions</span><span style="font-family:Helvetica, sans-serif"> </span><span style="font-family:Helvetica, sans-serif">–</span><span style="font-family:Helvetica, sans-serif"> Amendment to the Annexes</span><span style="font-family:Helvetica, sans-serif"> </span><span style="font-family:Helvetica, sans-serif">(31/</span><span style="font-family:Helvetica, sans-serif">0</span><span style="font-family:Helvetica, sans-serif">3/2006)</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-bottom:3pt; text-indent:0.4pt"><span style="font-family:Helvetica, sans-serif">4 Apr 2006 (</span><span style="font-family:Helvetica, sans-serif; font-style:italic">see </span><span style="font-family:Helvetica, sans-serif">F2006L00918</span><span style="font-family:Helvetica, sans-serif">)</span></p><p class="TableOfStatRules" style="text-indent:0.4pt"><span style="font-family:Helvetica, sans-serif">5</span><span style="font-family:Helvetica, sans-serif"> Apr 2006 (</span><span style="font-family:Helvetica, sans-serif; font-style:italic">see </span><span style="font-family:Helvetica, sans-serif; font-style:italic">Gazette</span><span style="font-family:Helvetica, sans-serif"> 2006, No.</span><span style="font-family:Helvetica, sans-serif"> </span><span style="font-family:Helvetica, sans-serif">GN13</span><span style="font-family:Helvetica, sans-serif">)</span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:0.4pt; margin-bottom:3pt"><span style="font-family:Helvetica, sans-serif">5 </span><span>Apr</span><span style="font-family:Helvetica, sans-serif"> 2006</span><span style="font-family:Helvetica, sans-serif"> (</span><span style="font-family:Helvetica, sans-serif; font-style:italic">see</span><span style="font-family:Helvetica, sans-serif"> Note 3)</span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:9.4pt; text-indent:-9pt"><span style="font-family:Helvetica, sans-serif">—</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:20.2pt; text-indent:-8.1pt"><span>Direction relating to </span><span>f</span><span>oreign </span><span>c</span><span>urrency </span><span>t</span><span>ransactions and to Zimbab</span><span>w</span><span>e</span><span> </span><span>–</span><span> Amendment to the Annex and </span><span>Variation of Exemptions</span><span> </span><span>–</span><span> Amendment to the Annexes (</span><span>15/06/2007</span><span>)</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-bottom:3pt; text-indent:0.4pt"><span>19 June 2007 (</span><span style="font-style:italic">see </span><span>F200</span><span>7L01784)</span></p><p class="TableOfStatRules" style="text-indent:0.4pt"><span>20 June 2007 (</span><span style="font-style:italic">see</span><span style="font-style:italic"> </span><span style="font-style:italic">Gazette </span><span>2007</span><span>,</span><span> No.</span><span> </span><span>GN24)</span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:0.4pt; margin-bottom:3pt"><span>20 June 200</span><span>7</span><span> (</span><span style="font-style:italic">see</span><span> Note</span><span> </span><span>3)</span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:9.4pt; text-indent:-9pt"><span style="font-family:Helvetica, sans-serif">—</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:20.2pt; text-indent:-8.1pt"><span>Direction relating to </span><span>f</span><span>oreign </span><span>c</span><span>urrency </span><span>t</span><span>ransactions and to Zimbab</span><span>w</span><span>e</span><span> </span><span>– Amendment to the Annex</span><span>;</span><span> </span><span>Variation of Exemptions</span><span> </span><span>–</span><span> Amendment to the Annexes (</span><span>23/12/2008</span><span>)</span></p></td><td style="width:93.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-bottom:3pt; text-indent:0.4pt"><span>23 Dec 2008 (</span><span style="font-style:italic">see </span><span>F2008L04786)</span></p><p class="TableOfStatRules" style="text-indent:0.4pt"><span>24 Dec 2008 (</span><span style="font-style:italic">see Gazette </span><span>2008, No.</span><span> </span><span>S288)</span></p></td><td style="width:76.8pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:0.4pt; margin-bottom:3pt"><span>24 Dec 2008 (</span><span style="font-style:italic">see </span><span>Note 3)</span></p></td><td style="width:75.4pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:9.4pt; text-indent:-9pt"><span style="font-family:Helvetica, sans-serif">—</span></p></td><td style="vertical-align:top"></td></tr><tr><td style="width:156.1pt; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableOfStatRules" style="margin-left:20.2pt; text-indent:-8.1pt"><span>Direction relating to </span><s