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PORTS ASSETS (AUTHORISED TRANSACTIONS) ACT 2012 - SECT 24
State taxes
(1) In this section--
"relevant matter" means any of the following-- (a) any transaction
arrangement,
(b) a vesting of assets, rights or liabilities by operation of
Schedule 4 (Vesting of assets, rights and liabilities) and anything certified
by the Treasurer as having been done in consequence of such a vesting (for
example, the transfer or registration of an interest in land),
(c) the issue,
disposal or purchase of shares or other securities in or issued by a company
for the purposes of an authorised transaction,
(d) any matter connected with
the corporate conversion of a port SOC or transaction SOC for the purposes of
an authorised transaction,
(e) such other matters for the purposes of an
authorised transaction as may be prescribed by the regulations,
(f) any
transaction occurring within 6 months after completion of an authorised
transaction and certified by the Treasurer to be a transaction entered into in
connection with the transfer of ports assets to the private sector pursuant to
the authorised transaction.
"State tax" means application or registration fees, duty under the Duties Act
1997 or any other tax, duty, fee or charge imposed by any Act or law of the
State.
(2) State tax is not payable by a public sector agency in relation to
a relevant matter.
(3) State tax is not payable by a person or body (other
than a public sector agency) in relation to a relevant matter to such extent
(if any) as the Treasurer may direct by order in writing, either generally or
in a particular case.
(4) An order may be made by the Treasurer under this
section before or after the liability to pay the State tax concerned accrues.
(5) The Treasurer must give a copy of an order under this section to the Chief
Commissioner of State Revenue.
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