Commonwealth Consolidated Acts

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NATIONAL TRANSMISSION NETWORK SALE ACT 1998 - SECT 10

Exemption from stamp duty and other taxes

             (1)  In this section:

"exempt matter" means the transfer of an asset or a liability under section 9 to a company at a time when all the shares in the company are owned by the Commonwealth.

             (2)  Stamp duty or other tax is not payable under a law of a State or Territory in respect of:

                     (a)  an exempt matter; or

                     (b)  anything done (including a transaction entered into or an instrument made, executed, lodged or given) because of, or for a purpose connected with or arising out of, an exempt matter.



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