Australian Capital Territory Numbered Acts

DUTIES AMENDMENT ACT 2006 (NO 2) (NO. 45 OF 2006) - SECT 17

substitute

    (2)     The duty chargeable on a dutiable transaction is the lesser of—

        (a)     ad valorem duty in accordance with this chapter; and

        (b)     $200.

    (2A)     However, the duty chargeable on a dutiable transaction is $20 if the dutiable property transferred, or agreed to be transferred, is marketable securities.

Note 1     No duty is chargeable on transactions relating to marketable securities that are shares or units quoted on a stock exchange, or related rights or interests (see s 10 (2)).

Note 2     After 30 June 2010, no duty will be chargeable on transactions relating to unquoted marketable securities (see s 75A (Expiry—provisions relating to unquoted marketable securities)). For the relevant transitional provisions, see pt 15.3.