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NATIONAL RAIL CORPORATION (AGREEMENT) ACT 1991 - SECT 10
Stamp duty on statutory transfer of assets etc
10 Stamp duty on statutory transfer of assets etc
(1) The Minister must not make an order under section 9 unless satisfied that
arrangements have been made for the payment to the Crown of the amount of
stamp duty forgone.
(2) The amount of stamp duty forgone is the amount of
stamp duty that would have been payable if the assets transferred by the order
had been transferred by instrument in writing executed by the parties to the
transfer instead of by the operation of section 9.
(3) Any order under
section 9 or any instrument executed only for: (a) a purpose ancillary to or
consequential on the operation of that section, or
(b) the purpose of giving
effect to that section,
is not chargeable with stamp duty.
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