Australian Capital Territory Numbered Ordinances

Stamp Duties and Taxes (Amendment) Ordinance (No 2) 1988

AUSTRALIAN CAPITAL TERRITORY

Stamp Duties and Taxes (Amendment) Ordinance (No. 2) 1988

No. 56 of 1988

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Ordinance under the Seat of Government (Administration) Act 1910.

Dated 31 August 1988.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

GARY PUNCH

Minister of State for the Arts
and Territories

An Ordinance to amend the Stamp Duties and Taxes Ordinance 1987

Short title

1. This Ordinance may be cited as the Stamp Duties and Taxes (Amendment) Ordinance (No. 2) 1988.¹

Commencement

2. Section 4 shall be deemed to have commenced on 1 August 1987.

Principal Ordinance

3. In this Ordinance, “Principal Ordinance” means the Stamp Duties and Taxes Ordinance 1987.²

Conveyances subject to stamp duty

4. Section 17 of the Principal Ordinance is amended—

(a) by inserting in paragraph (b) “(not being a lease referred to in paragraph (ca))” after “lease” (first occurring);

(b) by inserting after paragraph (b) the following paragraph:

“(ca) a Crown lease granted to the lessee of a previous Crown lease (whether or not of the same parcel of land) because of the surrender of the previous Crown lease;”; and

(c) by adding at the end the following subsection:

“(2) For the purposes of paragraph (1) (ca)—

(a) a determination under section 99 of the Taxation (Administration) Ordinance may be expressed to take effect at any time after 31 July 1987; and

(b) the amount of stamp duty so determined shall not exceed the amount that would have been payable under paragraph 17 (b) if the amendments effected by section 4 of the Stamp Duties and Taxes (Amendment) Ordinance (No. 2) 1988 had not been made.”.

Schedule 1

5. Schedule 1 to the Principal Ordinance is amended—

(a) by adding at the end of subparagraph (k) (ii) “or”; and

(b) by omitting subparagraphs (k) (iii) to (vi) (inclusive).

NOTES

1. Notified in the Commonwealth of Australia Gazette on 7 September 1988.

2. No. 39, 1987 as amended by No. 67, 1987; No. 55, 1988.