Northern Territory Numbered Acts

REVENUE LAW REFORM (STAMP DUTY) ACT 2007 (NO 27 OF 2007) - SECT 14

Part II

repeal, substitute

Part 2     Stamp duty

5     Imposition of duty

    (1)     Stamp duty is imposed, in accordance with this Act:

    (a)     on dutiable instruments; and

    (b)     in respect of dutiable transactions.

    (2)     However, duty is not imposed on, or in respect of, an exempt instrument or transaction.

6     Rate of duty

The rate of duty is the rate specified in Schedule 1 for an instrument or transaction of the relevant class.