New South Wales Repealed Acts New South Wales Repealed ActsThis legislation has been repealed.
(1) If duty is chargeable in respect of an SCH-regulated transfer of a marketable security, the SCH participant who is a party to the transfer, or, if there is more than one, the SCH participant who acts for the transferee under the transfer, is liable to pay the duty.
(2) If the SCH participant liable to pay duty in respect of an SCH-regulated transfer is not the transferee under the transfer, the participant may recover from the transferee the amount of the duty paid as a debt by action in a court of competent jurisdiction and may, in reimbursement of that amount, retain any money in the participant's hands belonging to the transferee.