Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) Subject to this section, with effect on and after the commencement day, duty at the rate referred to in Column 3 of the following table opposite a range of amounts in Column 2 of the table shall be taken to have been determined by the Minister under section 139 of the Taxation Administration Act for the purposes of section 31 of the Duties Act to be the rate of duty chargeable in respect of a dutiable transaction the dutiable amount of which is included in that range of amounts.
TABLE
RATES OF DUTY
Column 1 | Column 2 | Column 3 |
| Item | Range of dutiable amounts of dutiable transactions | Rate of duty |
| 1 | Not more than $14,000 | $1.25 for every $100, or part of $100, of the dutiable value or $20, whichever is the greater |
| 2 | More than $14,000 but not more than $30,000 | $175 plus $1.50 for every $100, or part of $100, by which the dutiable value exceeds $14,000 |
| 3 | More than $30,000 but not more than $60,000 | $415 plus $2 for every $100, or part of $100, by which the dutiable value exceeds $30,000 |
4 | More than $60,000 but not more than $100,000 | $1,015 plus $2.50 for every $100, or part of $100, by which the dutiable value exceeds $60,000 |
|
5 | More than $100,000 but not more than $300,000 | $2,015 plus $3.50 for every $100, or part of $100, by which the dutiable value exceeds $100,000 |
|
6 | More than $300,000 but not more than $1,000,000 | $9,015 plus $4.50 for every $100, or part of $100, by which the dutiable value exceeds $300,000 |
|
7 | More than $1,000,000 | $40,515 plus $5.50 for every $100, or part of $100, by which the dutiable value exceeds $1,000,000 |
(2) Subject to this section, with effect on and after the commencement day, duty at the rate referred to in Column 3 of the following table opposite a range of amounts in Column 2 of the table shall be taken to have been determined by the Minister under section 139 of the Taxation Administration Act for the purposes of section 141 of the Duties Act to be the rate chargeable in respect of a lease the total cost of which is included in that range of amounts.
TABLE
RATES OF DUTY
Column 1 | Column 2 | Column 3 |
| Item | Total cost of lease | Rate of duty |
| 1 | Not more than $14,000 | $1.25 for every $100, or part of $100, of the total cost or $20, whichever is the greater |
| 2 | More than $14,000 but not more than $30,000 | $175 plus $1.50 for every $100, or part of $100, by which the total cost exceeds $14,000 |
| 3 | More than $30,000 but not more than $60,000 | $415 plus $2 for every $100, or part of $100, by which the total cost exceeds $30,000 |
| 4 | More than $60,000 but not more than $100,000 | $1,015 plus $2.50 for every $100, or part of $100, by which the total cost exceeds $60,000 |
| 5 | More than $100,000 but not more than $300,000 | $2,015 plus $3.50 for every $100, or part of $100, by which the total cost exceeds $100,000 |
| 6 | More than $300,000 but not more than $1,000,000 | $9,015 plus $4.50 for every $100, or part of $100, by which the total cost exceeds $300,000 |
| 7 | More than $1,000,000 | $40,515 plus $5.50 for every $100, or part of $100, by which the total cost exceeds $1,000,000 |
(3) For the purpose of facilitating revocation or variation by determination under section 139 of the Taxation Administration Act of the ranges of amounts and the corresponding rates of duty provided for in the table in subsection (1) or (2), the Minister may, after the commencement day, by notice published in the Gazette , make a determination for the purposes of section 31 or 141 of the Duties Act that is expressed to determine those ranges of amounts and corresponding rates of duty.
(4) Upon the publication in the Gazette of a determination referred to in subsection (3) that is made for the purposes of section 31 of the Duties Act, subsection (1) of this section shall be taken to have expired.
(5) Upon the publication in the Gazette of a determination referred to in subsection (3) that is made for the purposes of section 141 of the Duties Act, subsection (2) of this section shall be taken to have expired.
(6) A determination referred to in subsection (3) is not a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989 .
(7) A determination referred to in subsection (3) has effect according to its terms and may be revoked or varied as if it had been made under section 139 of the Taxation Administration Act.
(8) In subsection (1)—