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AUSTRALIAN NATIONAL RAILWAYS AMENDMENT ACT 1980 No. 38 of 1980 - SECT 5
Liability to taxation
5. Section 57H of the Principal Act is amended-
(a) by inserting after sub-section (1) the following sub-sections:
"(1A) Where the Treasurer so determines by notice published in the Gazette,
stamp duty, or any similar tax, is not payable by the Commission or any other
person under a law of the Commonwealth or of a State or Territory in respect
of-
(a) a security dealt with by the Commission;
(b) the issue, redemption, transfer, sale, purchase, re-sale, acquisition
or discounting of such a security by the Commission or any other
person, not including a transaction done without consideration or for
an inadequate consideration;
(c) any other transaction done for the purposes of a borrowing or other
raising of moneys by the Commission; or
(d) any other document executed by or on behalf of the Commission for the
purposes of a borrowing or other raising of moneys by the Commission.
"(1B) The power conferred on the Treasurer by sub-section (1A) to make a
determination extends to the making of a determination in respect of
securities included in a specified class or specified classes of securities
and in respect of documents or transactions included in a specified class or
specified classes of documents or transactions."; and
(b) by omitting from sub-section (2) "The regulations" and substituting
"Subject to sub-section (1A), the regulations".
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