New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 34

34 Abolition of duty on transfers of marketable securities and commercial fishery shares

(1) On and from 1 July 2016, marketable securities and commercial fishery shares are not dutiable property (despite section 11).

(2) Subsection (1) does not apply in respect of any transfer or transaction with respect to marketable securities or commercial fishery shares that occurs before 1 July 2016 and, accordingly, does not affect any requirement to pay duty under this Chapter in respect of the transfer or transaction.

(3) In this section--

"commercial fishery share" means a share in a share management fishery (within the meaning of the Fisheries Management Act 1994 ).