Commonwealth Consolidated Acts

WOOL SERVICES PRIVATISATION ACT 2000 - SECT 24

             (1)  No stamp duty or other tax is payable under a law of a State or Territory in respect of an exempt matter, or anything connected with an exempt matter.

             (2)  The Minister may certify in writing:

                     (a)  that a specified matter is an exempt matter; or

                     (b)  that a specified thing was done in connection with a specified exempt matter.

             (3)  In all courts, and for all purposes, a certificate under subsection (2) is evidence of the matter stated in the certificate.

             (4)  In this section:

"exempt matter" means any of the following:

                     (a)  the registration of HoldCo as a Corporations Law company;

                     (b)  the issue of shares to a person under section 21;

                     (c)  the issue of shares to a person in accordance with HoldCo's constitution, where the issue is certified under section 36;

                     (d)  any of the following things that happens during the restructuring period and is certified by the Minister under section 36:

                              (i)  the transfer of an asset or liability between 2 restructuring bodies;

                             (ii)  the operation of Division 3 in relation to particular assets, liabilities or contracts;

                            (iii)  the transfer by HoldCo, to a shareholder in HoldCo, of any of HoldCo's shares in a subsidiary;

                            (iv)  the issue of shares by a subsidiary of HoldCo to a shareholder in HoldCo;

                             (v)  the cancellation of shares in HoldCo (whether by buy‑back, capital reduction or any other means).