New South Wales Repealed Acts

This legislation has been repealed.

STAMP DUTIES ACT 1920 - SECT 94F

94F Record of SCH-regulated transfers

(1) A record must be made in accordance with this section immediately on the making of an SCH-regulated transfer of marketable securities to which this Division applies.

(2) The record must be made by the relevant SCH participant.

(3) The record must show the following particulars:

(a) the date of the transfer,

(b) the transfer identifier of the transfer,

(c) the name of the transferee and, unless another SCH participant controls the transferor's holding, the name of the transferor,

(d) the identification code of the SCH participant making the record and the identification code of the other SCH participant (if any) who is a party to the transfer,

(e) the quantity and full description of the marketable security transferred,

(f) the transfer value of the marketable securities,

(g) the consideration payable in respect of the transfer,

(h) the amount of duty chargeable in respect of the transfer,

(i) if ad valorem duty is not chargeable in respect of the transfer, the duty-type category for the transfer,

(j) in the case of an error transaction to reverse an earlier transfer that was made mistakenly, the transfer identifier of that earlier transfer.

(4) An SCH participant may, in any record made in accordance with this section, incorporate additional information for the participant's own use.

(5) The record must be kept in an accessible form for a period of not less than 5 years from the date of the transfer.

(6) An SCH participant who fails to make or keep a record as required by this section is guilty of an offence.

Penalty: 20 penalty units.