Northern Territory Numbered Acts

REVENUE (BUDGET INITIATIVES) AMENDMENT ACT 2007 (NO 12 OF 2007)

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Short title  
   2.      Commencement  

   PART 2--AMENDMENT OF STAMP DUTY ACT

   3.      Act amended  

           Division 1 -- Abolition of duty on hiring arrangements

   4.      Amendment of Schedule 1  

           Division 2 -- Increase in first home owner concession

   5.      Amendment of section 8B (Concession for first home owners)  
   6.      Repeal and substitution of Part 4  

           Division 3 -- Further amendment related to first home owner concession

   7.      Amendment of section 8B (Concession for first home owners)  

           Division 4 -- Abolition of duty on certain instruments

   8.      Amendment of Schedule 1  
   9.      Amendment of Schedule 2  

   PART 3--AMENDMENT OF TAXATION (ADMINISTRATION) ACT

   10.     Act amended  

           Division 1 -- Abolition of duty on hiring arrangements

   11.     Amendment of section 4 (Interpretation)  
   12.     Amendment of section 57 (Owner to pay duty)  
   13.     Repeal of Part III, Division 13  
   14.     Amendment of section 123A (Regulatory offences)  
   15.     Amendment of section 126 (Books, accounts etc.)  
   16.     New Part XII  

           Division 2 -- Amendments relating to tax avoidance

   17.     Amendment of section 19 (Exemption: interposing new corporation between existing corporation and its shareholders)  
   18.     Amendment of section 20 (Exemption: conveyances and transfers between group corporations)  

           Division 3 -- Miscellaneous stamp duty amendments

   19.     Amendment of section 4 (Interpretation)  
   20.     Amendment of section 4A (Unencumbered value – arrangements to affect stamp duty)  
   21.     Amendment of section 56C (Interpretation)  

   PART 4--AMENDMENT OF FIRST HOME OWNER GRANT ACT

   22.     Act amended  
   23.     Amendment of section 18 (Amount of grant)  
   24.     Amendment of section 41 (Power to recover amount paid in error)