1Banking (Foreign Exchange) Regulations 1959 - Variation of Exemption (subregulation 6(1)) (18/10/2007)

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Banking (Foreign Exchange) Regulations 1959 – Variation of Exemption
(subregulation 6(1)) (18/10/2007)

as amended

made under subregulation 38 (2) of the

Banking (Foreign Exchange) Regulations 1959

This compilation was prepared on 22 October 2008
taking into account amendments up to Direction relating to foreign currency transactions and to Burma – Amendment to the Annex and Variation of Exemptions – Amendment to the Annexes (16/10/2008)

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

Banking (Foreign Exchange) Regulations 1959

Variation of Exemption (subregulation 6(1)) (18/10/2007)

The Reserve Bank of Australia, pursuant to sub‑regulation 38(2) of the Banking (Foreign Exchange) Regulations 1959, hereby varies the Exemption dated 29 June 1990 relating to sub‑regulation 6(1) of the Regulations so that the Exemption does not apply to the taking or sending out of Australia by a person of any Australian currency derived or generated from property, securities or funds owned or controlled directly or indirectly by, or otherwise relating to payments directly or indirectly to, or for the benefit of any person listed in the Annex to this variation of exemption.

The Annex to this variation of exemption may be amended from time to time. Any such amendment shall be taken as being part of this variation of exemption as from the date specified in the amendment.

This instrument comes into operation on 24 October 2007.

Dated this 18th day of October 2007.

ANNEX

BURMA

This is the Annex referred to in the Variation of Exemption dated 18 October 2007 relating to sub‑regulation 6(1) of the Banking (Foreign Exchange) Regulations 1959.