Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) The following rates of duty are applicable for the purposes of this Chapter:
(a) the general rate, which is a rate of 15 cents for every $100, or part, of the consideration for a sale or purchase;
(b) the concessional rate, which is a rate of 0.25 cents for every $100, or part, of the consideration for a sale or purchase;
(c) the differential rate, which is a rate of 14.75 cents for every $100, or part, of the consideration for a sale or purchase.
(2) The rates of duty specified in subsection (1) shall be taken to have been determined by the Minister under section 139 of the Taxation Administration Act on the commencement of this section.
(3) For the purpose of facilitating revocation or variation by determination under section 139 of the Taxation Administration Act of the rates of duty provided for in subsection (1), the Minister may, by notice published in the Gazette , make a determination that is expressed to determine rates of duty applicable for the purposes of this Chapter that are to have effect in place of the rates specified in subsection (1).
(4) Upon the publication in the Gazette of a determination referred to in subsection (3), subsection (1) shall be taken to have expired.
(5) A determination referred to in subsection (3) is not a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989 .
(6) A determination referred to in subsection (3) has effect according to its terms and may be revoked or varied as if it had been made under section 139 of the Taxation Administration Act.