Commonwealth Numbered Acts

PIPELINE AUTHORITY AMENDMENT ACT 1980 No. 109, 1980 - SECT 21

21. Section 33 of the Principal Act is amended-

(a) by omitting from sub-section (1) "The Authority" and sub- stituting
"Subject to sub-section (2A), the Authority";

   (b)  by inserting after sub-section (2) the following sub-section:



"(2A) Where the Treasurer so determines by notice published in the Gazette,
stamp duty, or any similar tax, is not payable by the Authority 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 Authority;

   (b)  the issue, redemption, transfer, sale, purchase, re-sale, acquisition
        or discounting of such a security by the Authority 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 Authority; or

   (d)  any other document executed by or on behalf of the Authority for the
        purposes of a borrowing or other raising of moneys by the Authority.



"(2B) The power conferred on the Treasurer by sub-section (2A) 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

   (c)  by omitting from sub-section (3) "The regulations" and sub- stituting
        "Subject to sub-section (2A), the regulations".