Commonwealth Numbered Acts

NATIONAL RAIL CORPORATION AGREEMENT ACT 1992 No. 26, 1992 - SECT 11

11. Nothing in this Act prevents a law of a State or Territory (whenever
enacted or made) from imposing a liability to pay an amount of stamp duty, or
of any other fee or charge, because of the making of an instrument under
section 9, if:

   (a)  it is reasonable to expect that a corresponding amount of stamp duty,
        or of that other fee or charge, would have been payable under a law of
        that State or Territory if the assets vested in the Company because of
        the instrument had instead been transferred to the Company by an
        instrument in writing executed by the parties to the transfer; and

   (b)  the first-mentioned amount does not exceed what it is reasonable to
        expect that the corresponding amount would have been.