Australian Capital Territory Numbered Acts

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DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 48

Certain transfers not chargeable with duty

(1)     If an SCH-regulated transfer of marketable securities is made within 3 months after an instrument of transfer or an agreement for the transfer of the marketable securities to or for the benefit of the same transferee is first executed, the dutiable transaction effected by the instrument is not chargeable with duty under this Act.

(2)     Notwithstanding the other provisions of this Chapter, no duty is chargeable on a transfer of marketable securities quoted on the market operated by the Australian Stock Exchange if the transfer is one described in section 17, 29, 54, 55, 56, 58, 63 or 69 and the duty otherwise chargeable on the transfer is $20.



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