Australian Capital Territory Numbered Acts

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DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 126

Low exercise price options

    The rate of duty chargeable under this Chapter on the sale or purchase of marketable securities that is made as a result of the exercise of an option to purchase the marketable securities is to be calculated on the premium paid on the option for the marketable securities (rather than on the consideration for the sale or purchase) if the premium is greater than the consideration.



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