South Australian Current Acts

STATE BANK (CORPORATISATION) ACT 1994 - SECT 22

22—Exemption from stamp duty etc

        (1)         The Treasurer may, by notice published in the Gazette, grant an exemption from stamp duty, financial institutions duty or debits tax in respect of—

            (a)         a transaction involved in the winding up of a trust in which SBSA or an SBSA subsidiary is a beneficiary or discretionary object; or

            (b)         the assignment of the beneficial interest, or a part of the beneficial interest, in a trust by or to SBSA or an SBSA subsidiary; or

            (c)         a transaction involved in the winding up of a partnership of which SBSA or an SBSA subsidiary is a member; or

            (d)         the assignment of an interest in a partnership by or to SBSA or an SBSA subsidiary; or

            (e)         any assignment or other transaction involved in the winding up of the affairs of SBSA and the SBSA subsidiaries; or

            (f)         an application or entry made, or receipt given, or anything else done for a purpose connected with, or arising out of, such an assignment or other transaction.

        (2)         No person has an obligation under the Stamp Duties Act 1923 , the Financial Institutions Duty Act 1983 or the Debits Tax Act 1990 —

            (a)         to lodge a statement or return relating to a matter referred to in subsection (1) in respect of which an exemption has been granted under that subsection; or

            (b)         to include in a statement or return a record or information relating to such a matter.