Commonwealth Numbered Acts

TELECOMMUNICATIONS AMENDMENT ACT 1976 No. 94, 1976 - SECT 4

4. Section 80 of the Principal Act is amended-

(a) by omitting the word ''Australia'' and substituting the words ''the
Commonwealth''; and

   (b)  by adding at the end thereof the following sub-section:-

''(2) Stamp duty or any similar tax is not payable under a law of the
Commonwealth or of a State or Territory in respect of-

   (a)  a security issued by the Commission;

   (b)  the issue, redemption, transfer, sale or purchase of such a security,
        not including a transaction entered into without consideration or for
        an inadequate consideration; or

   (c)  any document executed by or on behalf of the Commission, or any
        transaction, in relation to the borrowing of moneys by the
        Commission.''.
        --------------------------------------------------------------------------------