S 14B repealed by No 88 of 2009, s 3 and Sch 5 item 252, effective 18 September 2009. S 14B formerly read:
SECTION 14B APPLICATIONS FOR ISSUE OF CERTIFICATES
14B(1)
Where:
(a)
a person proposes to do an act or thing the doing of which, without the authority of the Reserve Bank, is prohibited by regulations made under section
39
of the
Banking Act 1959
; and
(b)
by virtue of paragraph
39B(1)(a)
of that Act, the Bank is not permitted to grant that authority unless there is produced to the Bank, in respect of that act or thing, a certificate issued under section
14C
of this Act, or the Bank has, under paragraph
39B(1)(b)
of the
Banking Act 1959
, refused to grant that authority unless there is produced to the Bank such a certificate,
the person may apply in writing to the Commissioner for the issue of a tax clearance certificate under section
14C
of this Act in respect of that act or thing.
History
S 14B(1) formally amended by No 65 of 1985.
14B(2)
Where:
(a)
an authority is issued pursuant to regulations made under section
39
of the
Banking Act 1959
authorizing a person, or persons included in a class of persons, specified in the authority or all persons to do an act or thing, or acts or things, specified in the authority, the doing of which, except with the authority of the Reserve Bank, would otherwise be prohibited by those regulations; and
(b)
a tax clearance certificate under section
14C
of this Act is required, for the purposes of a condition of the grant of the authority, to be issued to a person in respect of an act or thing,
the last-mentioned person may apply in writing to the Commissioner for the issue to the person of a tax clearance certificate under section
14C
of this Act in respect of the last-mentioned act or thing.
History
S 14B(2) inserted by No 123 of 1984.
S 14B inserted by No 133 of 1974.
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