Commonwealth Consolidated Acts

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BANKRUPTCY ACT 1966 - SECT 311

Stamp duty not payable on trustee's cheques or receipts

             (1)  In this section, trustee means:

                     (a)  a trustee of the estate of a bankrupt; or

                     (b)  a trustee of a personal insolvency agreement; or

                     (c)  a trustee of a composition or a scheme of arrangement; or

                     (d)  a trustee of the estate of a deceased person in respect of which an order has been made under Part XI of this Act.

             (2)  Notwithstanding anything contained in a law of a State or Territory, stamp duty is not payable under such a law:

                     (a)  on a cheque drawn by a trustee on an account kept under this Act;

                     (b)  on a cheque received by a trustee in his or her capacity as trustee, being a cheque drawn in a State or Territory other than that in which it is received by the trustee; or

                     (c)  on a receipt given by a trustee in his or her capacity as trustee.



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