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TAXATION LAWS AMENDMENT ACT 1988No. 11, 1988 - SECT 5
Application of amendments
5. (1) The amendments made by this Part, insofar as they relate to the tax
imposed by the Australian Capital Territory Tax (Purchases of Marketable
Securities) Act 1969, apply in relation to a purchase of a marketable security
where the purchase is made after 15 July 1987.
(2) The amendments made by this Part, insofar as they relate to the tax
imposed by the Australian Capital Territory Tax (Sales of Marketable
Securities) Act 1969, apply in relation to a sale of a marketable security
where the sale is made after 15 July 1987.
(3) The amendments made by this Part, insofar as they relate to the tax
imposed by the Australian Capital Territory Tax (Transfers of Marketable
Securities) Act 1986 , apply in relation to a transfer of a marketable
security effected by an instrument of transfer that appears to have been
executed by the transferor, or by any of the transferors, after the
commencement of that Act (including an instrument that appears to have been
executed by the transferee, or by any of the transferees, before the
commencement of that Act).
(4) The amendments made by this Part, insofar as they relate to stamp duty
imposed by the Australian Capital Territory Stamp Duty Act 1969, apply in
relation to an instrument executed after 15 July 1987.
(5) The amendments made by this Part, insofar as they relate to section 58G of
the Principal Act as amended by this Act, apply in relation to the
registration of a transfer where the registration is made after 15 July 1987
and, for the purposes of the application of paragraphs 58G (1) (b) and (c) of
that Act to a registration made on or before that date, the amendments made by
this Part shall be disregarded.
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