Commonwealth Places (Mirror Taxes) (Modification of Applied Laws (WA)) Notice 2002
39. Section 40 modified39. Section 40 modified
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39. Section 40 modified
After section 40(3) the following subsections are inserted —
“
(4) For the purposes of subsection (2)(a), the amount of the total dutiable receipts of a financial institution during a month is the amount equal to the sum of —
(a) the amount of the institution's dutiable receipts within the meaning of this Act during the month; and
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(b) the amount of the institution's dutiable receipts within the meaning of the corresponding FID Act during the month.
(5) For the purposes of subsection (2)(b), the amount of the total dutiable deposits of a depositor during a month is the amount equal to the sum of —
(a) the amount of the depositor's dutiable deposits within the meaning of this Act during the month; and
(b) the amount of the depositor's dutiable deposits within the meaning of the corresponding FID Act during the month.
(6) The amount of duty payable under this Act on the amount of the total dutiable receipts or total dutiable deposits by a financial institution or depositor in relation to a period is reduced by any amount of duty paid or payable by the institution or depositor on that total amount under the corresponding FID Act in relation to the period.
”.