Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) Subject to this section, with effect on and after the commencement day—
(a) the rate of 60 cents for every $100, or part of $100, of the dutiable value of the marketable securities shall be taken to have been determined for the purposes of subsection 32 (1) of the Duties Act;
(b) the rate of 30 cents for every $100, or part of $100, of the dutiable value of the marketable securities shall be taken to have been determined for the purposes of subsection 32 (2) of the Duties Act;
(c) the rate of 60 cents for every $100, or part of $100, of the dutiable value of the property the subject of the transaction, insofar as it is property to which subsection 33 (1) of the Duties Act applies, shall be taken to have been determined for the purposes of that subsection;
(d) the rate of 50 cents for every $100, or part of $100, of the total cost of the lease shall be taken to have been determined for the purposes of section 140 of the Duties Act;
(e) the rate of 0.75% of the total amount of the hiring charges of the equipment financing arrangement shall be taken to have been determined for the purposes of subsection 159 (1) of the Duties Act;
(f) the rate of 1.5% of the total amount of the hiring charges of the ordinary hire of goods shall be taken to have been determined for the purposes of subsection 159 (2) of the Duties Act;
(g) the rate of 10% of the amount of the premium paid in relation to a contract of general insurance shall be taken to have been determined for the purposes of section 178 of the Duties Act;
(h) the rate of—
(i) $1 on the first $2,000, or part of $2,000, of the sum insured; and
(ii) 20 cents for every $200, or part of $200, in excess of the first $2,000 of the sum insured;
shall be taken to have been determined for the purposes of subsection 185 (1) of the Duties Act;
(i) the rate of 5% of the first year's premium for the temporary or term insurance policy shall be taken to have been determined for the purposes of subsection 185 (2) of the Duties Act;
(j) the rate of 5% of the first year's premium for the rider shall be taken to have been determined for the purposes of subsection 185 (3) of the Duties Act;
(k) the rate of 10% of the premium paid to effect the insurance shall be taken to have been determined for the purposes of subsection 185 (4) of the Duties Act;
(l) the rate of $3 for every $100, or part of $100, of the dutiable value of the motor vehicle shall be taken to have been determined for the purposes of subsection 208 (1) of the Duties Act; and
(m) the rate of $5 for every $100, or part of $100, of the dutiable value of the motor vehicle shall be taken to have been determined for the purposes of subsection 208 (2) of the Duties Act.
(2) For the purpose of facilitating revocation by determination under section 139 of the Taxation Administration Act of a rate of duty specified in a paragraph of subsection (1), the Minister may, after the commencement day, by notice published in the Gazette , make a determination for the purposes of the provision of the Duties Act referred to in that paragraph, being a determination that is expressed to determine a rate of duty that is to have effect in place of the rate specified in the paragraph.
(3) Upon the publication in the Gazette of a determination referred to in subsection (2), the paragraph of subsection (1) that relates to the provision of the Duties Act for the purposes of which the determination was made shall be taken to have expired.
(4) A determination referred to in subsection (2) is not a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989 .
(5) A determination referred to in subsection (2) 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.
(6) A reference in subsection (1) to a determination that is to be taken to have been made shall be read as a reference to a determination that is to be taken to have been made by the Minister under section 139 of the Taxation Administration Act.