Act On Special Accounts For Registration


Published: 2010-06-10

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month, or Get a Day Pass for only USD$9.99.
law view
 Article 1 (Purpose)   print
The purpose of this Act is to establish the special accounts for registration (hereinafter referred to as "accounts") for the rational and efficient operation of registration affairs and to pay for the expenditure with the revenue collected under the accounts.
law view
 Article 2 (Administration)   print
The accounts shall be administered by the Chief Justice.
law view
 Article 3 (Revenue and Expenditure)   print
(1) The revenue for the accounts shall be as follows: <Amended by Act No. 5170, Dec. 12, 1996; Act No. 7953, May 10, 2006; Act No. 8135, Dec. 30, 2006>
1. The amount generated from the sale of the land and facilities of the registry offices which have been abolished under Article 30 of the State Property Act, notwithstanding Article 6 of the Act on Special Accounts for the Management of State Property;
2. Receipts from the registration administration;
3. Carried-over funds from the preceeding year;
4. Pre-receipts from the Public Capital Management Fund under the provisions of the Public Capital Management Fund Act;
5. Loans;
6. Other receipts.
(2) The expenditure for the accounts shall be as follows: <Amended by Act No. 7953, May 10, 2006>
1. Expenses for the establishment and administration of registry offices, notwithstanding Article 6 of the Act on Special Accounts for the Management of State Property;
2. Expenses related to the registration affairs;
3. Repayment and interest of the loans and pre-receipts;
3-2. Transference, deposit in, or contribution to other accounts and funds;
4. Other expenses necessary for the operation of the accounts.
[This Article Wholly Amended by Act No. 5006, Dec. 6, 1995]
law view
 Article 3-2 (Special Examples of Collection of Fees of Small Amount related to Registration Affairs)   print
(1) Fees of small amount related to registration affairs may be collected by means of registration revenue stamps, electronic money or electronic payment, etc.
(2) The scope, method and procedure for collecting fees of small amount under paragraph (1) shall be in accordance with the Supreme Court Regulations.
[This Article Newly Inserted by Act No. 7953, May 10, 2006]
law view
 Article 4 (Loans)   print
(1) Temporary loans may be made in case of need for the payment of expenses of the accounts.
(2) The temporary loans under the provisions of paragraph (1) shall be repaid with the receipts of the same year.
law view
 Article 5 (Disposal of Surplus)   print
When a surplus results at the closure of the accounts, it shall be carried over to the next year revenue: Provided, That if deemed necessary, part of the surplus shall be transferred to the general accounts. <Amended by Act No. 7953, May 10, 2006>
law view
 Article 6 (Reserves)   print
The accounts may set up reserves in order to cover the unexpected expenditure outside the budget or in excess of the budget.
law view
 Article 6-2 (Special Case for Compensation Payment)   print
In case of state liability under the State Compensation Act with respect to the registration affairs which belongs to the accounts, payment for such liability shall be made from the general accounts of the State and not from the accounts. <Amended by Act No. 7953, May 10, 2006>
[This Article Newly Inserted by Act No. 5006, Dec. 6, 1995]
law view
 Article 7 (Enforcement Regulations)   print
Matters necessary for the enforcement of this Act shall be prescribed by the Supreme Court Regulations.
ADDENDA
(1) (Enforcement Date) This Act shall enter into force on January 1, 1994.
(2) (Period of Application) This Act shall apply from the fiscal year of 1994 through the fiscal year of 2017. <Amended by Act No. 6989, Nov. 25, 2003; Act No. 10365, Jun. 10, 2010>
ADDENDUM<Act No. 5006, Dec. 6, 1995>
This Act shall enter into force on January 1, 1996.
ADDENDA<Act No. 5170, Dec. 12, 1996>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 1997.
Articles 2 through 6 Omitted.
ADDENDUM<Act No. 6989, Nov. 25, 2003>
This Act shall enter into force on the date of its promulgation.
ADDENDUM<Act No. 7953, May 10, 2006>
This Act shall enter into force on the date of its promulgation.
ADDENDA<Act No. 8135, Dec. 30, 2006>
Article 1 (Enforcement Date)
This Act shall enter into force on January 1, 2007.
Articles 2 through 9 Omitted.
ADDENDUM<Act No. 10365, Jun. 10, 2010>
This Act shall enter into force on the date of its promulgation.