Banking cash transaction tax: prior levy on taxable cash transactions with specific payer obligations, later withdrawn by reform. Banking cash transaction tax applied a specified percentage levy on taxable banking cash transactions from 1 June 2005, payable by the person whose account is debited on cash withdrawal or by the person receiving cash on encashment of term deposits; the tax is not payable where encashed term deposit amounts are credited to a bank account. An amendment removed the charge for taxable banking transactions entered into on or after 1 April 2009.