South Australian Numbered Acts

STAMP DUTIES (RENTAL AND MORTGAGE DUTY) AMENDMENT ACT 2003 (NO 31 OF 2003) - SECT 7

7—Amendment of section 31I—Matter not to be included in statement

        (1)         Section 31I(1)(c)—delete paragraph (c) and substitute:

            (c)         business transacted by a registered person in respect of which the registered person has paid duty under a corresponding law if the Commissioner is satisfied, on application by the registered person, that—

                  (i)         the duty paid under the corresponding law is not less than would be applicable under this Act; and

                  (ii)         it would be reasonable to allow the person the benefit of this subsection in respect of that business; or

        (2)         Section 31I(1)(h)—delete paragraph (h)

        (3)         Section 31I(1a)(b)—delete paragraph (b) and substitute:

            (b)         the duty paid under the corresponding law is less than would be applicable under this Act; and

        (4)         Section 31I(1b)(a)—delete paragraph (a)

        (5)         Section 31I(1c)—delete "a lease, bailment, licence or other agreement" and substitute:

a contractual bailment (other than an equipment financing arrangement)