Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 127

(1)     Immediately after a sale or purchase of, or a transaction that transfers, marketable securities that is dutiable under this Chapter, or that is exempt from duty under this Chapter, is made by a broker, the broker shall make a record of the sale, purchase or transaction that shows the following:

        (a)     its date;

        (b)     the principal's name (if relevant);

        (c)     the name of the broker on the other side of the transaction (if relevant);

        (d)     the quantity and full description of the marketable securities;

        (e)     the selling or purchase price;

        (f)     the amount of duty chargeable;

        (g)     in the case of a sale, purchase or transaction that is dutiable at the concessional rate or that is exempt from duty, such particulars as are required to establish that the sale, purchase or transaction is dutiable at the concessional rate or is exempt from duty.

(2)     Immediately after a sale or purchase of, or a transaction that transfers, marketable securities is made by a broker—

        (a)     on the order of another broker; or

        (b)     of marketable securities that are exempt from duty;

the broker shall make a record of the sale, purchase or transaction that shows the particulars set out in subsection (1).

Penalty:

        (a)     in the case of a natural person—20 penalty units;

        (b)     in the case of a body corporate—100 penalty units.