Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Stamp duty or other tax is not payable under a law of a State or Territory in respect of:
(a) a transfer of an asset in compliance with a direction under subsection 34(1); or
(b) an agreement relating to a transfer covered by paragraph (a);
(c) the receipt of money by an NBN corporation, or by a person acting on behalf of an NBN corporation, in respect of a transfer covered by paragraph (a);
(d) anything done (including a transaction entered into or an instrument or document made, executed, lodged or given) because of, or for a purpose connected with or arising out of, a matter covered by paragraph (a), (b) or (c).
(2) However, the rule in subsection (1) does not apply:
(a) in such circumstances as are specified in the regulations; or
(b) in relation to stamp duty, or other tax, of a kind specified in the regulations; or
(c) in relation to stamp duty, or other tax, of a kind specified in the regulations, in such circumstances as are specified in the regulations.