DUTIES ACT 1997 - SECT 64B Reduction of duty on transfer of marketable securities--payment in non-Australian jurisdiction

DUTIES ACT 1997 - SECT 64B

64B Reduction of duty on transfer of marketable securities--payment in non-Australian jurisdiction

(1) The amount of duty chargeable under this Chapter on a transfer of marketable securities is to be reduced by the amount of duty of a similar kind paid in relation to the transfer in accordance with the law of a place outside Australia.

(2) In this section, a reference to a transfer of marketable securities includes a reference to a dealing or arrangement affecting marketable securities by means of a dutiable transaction other than a transfer.