Northern Territory Consolidated Acts

STAMP DUTY ACT

TABLE OF PROVISIONS

           Long Title

           Part 1 Preliminary
   1.      Short title
   2.      Commencement
   4.      Interpretation
   4A.     Unencumbered value
   4AB.    Dutiable value
   4AC.    Valuing certain interests in property
   4B.     Tax avoidance schemes
   4C.     Duty assessable on certain franchise arrangements as if conveyance of dutiable property
   4D.     Surrender of property amounts to conveyance in certain circumstances
   4E.     Merger vesting of property
   4F.     Exempt entities and uses
           Part 2 Stamp duty
   5.      Imposition of duty
   6.      Rate of duty
           Part 3 Liability to duty
           Division 1 General
   9.      Time for lodgement of instrument etc.
   9A.     Unstamped instruments not to be registered
   9B.     Liability to duty in respect of instruments outside Territory
   9BA.    Apportioning dutiable property in or related to Territory
   9BB.    Apportioning certain dutiable property where business in Territory and elsewhere
   9C.     Copies of instruments
   9D.     Instruments not fully executed may be lodged for assessment
   10.     Duty on statutory corporations and Government Business Divisions
   11.     Denotation of payment of duty
   15.     Single instrument relating to multiple transactions
   16.     Multiple instruments relating to a single transaction
   17.     Stamping of counterparts or copies
   17A.    Stamp duty on related instruments
           Division 2 Exemptions for corporate re-constructions
   18.     Interpretation
   19.     Exemption: interposing new corporation between existing corporation and its shareholders
   20.     Exemption: conveyances and transfers between group corporations
   21.     Meaning of
   23.     Reassessment of duty
   24.     Time for parties to give notice that reassessment required
   25.     Application for ruling regarding proposed corporate re-construction
   26.     Application for exemption regarding corporate re-construction
           Division 3 Partnerships
   27.     Interpretation: partnership property and partnership interest
   28.     Acquiring a partnership interest
   29.     Value of partnership acquisition
   29AA.   Value of partnership acquisition if change in membership of partnership by admission of one or more new partners
   29A.    Value of partnership acquisition where merger of 2 or more partnerships
   29B.    Reduction of dutiable value of dutiable property if conveyed to partner on retirement or dissolution of partnership
           Division 6 Insurance Business
   37.     Definitions
   38.     Imposition of duty on policies of insurance
   39.     Australian insurers to be registered
   40.     Register of Insurers
   41.     Registration
   42.     Returns in respect of insurance business
   43.     Refund of duty for surrendered or cancelled insurance
   44.     Insurer may recover duty from the insured person
   44A.    Insurance granted, issued or renewed by overseas insurer
   44B.    Agents and brokers taken to be acting for insurer
           Division 7 Life policies
   44C.    Imposition of duty on life policies
   45.     Life insurer in the Territory to be registered
   46.     Register of Life Insurers
   47.     Registration
   48.     Returns in respect of life insurance business
   49.     Life insurer not prevented recovering duty from person paying premiums
           Division 7A Apportionment of premiums etc. between Territory and other jurisdictions
   49A.    Application of Division
   49B.    Schedule of Apportionment
   49C.    Apportionment in practice
           Division 8 Conveyances and Leases
   50.     Persons liable to pay duty
   52A.    Computation of duty where 2 or more instruments
   56A.    Refund or remission of duty if transaction does not proceed etc.
           Division 8AA Declarations of trust
   56BA.   Declaration of trust
           Division 8AAA Changes in beneficiaries and trustees of discretionary trusts
   56BAB.  Imposition of duty on addition or change of beneficiary under discretionary trust
   56BAC.  Imposition of duty where change in beneficiary and trustee under discretionary trust
           Division 8AB Options to convey dutiable property
   56BB.   Definitions
   56BC.   Duty payable on call and put option
   56BD.   Duty payable if neither option exercised
   56BE.   Circumstances in which duty is not payable
           Division 8A Relevant acquisitions in certain corporations and unit trust schemes entitled to land
   56C.    Interpretation
   56CA.   Arrangement relating to certain entitlement
   56D.    Lodgement of statements by trustees
   56K.    When statement to be lodged
   56M.    Statement chargeable with duty
   56N.    Corporation to which Division applies
   56NA.   Linked entity
   56NB.   Unencumbered value of land of corporation
   56P.    Meaning of relevant acquisition
   56Q.    Interest and significant interest in corporation
   56R.    How dutiable value determined
   56S.    Liability for duty
   56T.    Unit trust schemes
           Division 8B Imposition of duty on statutory vesting and merger vesting of dutiable property
   56W.    Duty on a statutory and merger vesting of dutiable property
           Division 9 Motor vehicle certificate of registration
   57.     Owner to pay duty
   58.     Registrar not to register unless duty paid
   59.     Assessment of duty payable on motor vehicle certificate of registration
   59A.    Refund of duty if sale of motor vehicle cancelled
   60.     How duty denoted
   61.     Exemption to be claimed in declaration
           Division 15 Transactions otherwise than by dutiable instruments
   83B.    Payment of duty on statement in absence of dutiable instrument
   83C.    Stamping of other instruments related to same transaction
   83E.    Aiding and abetting
           Part 4 Assessment and stamping of instruments
   84.     Assessment of duty on instruments
   85.     Retaining and impounding of instruments
   86.     Creation of memorandum for the purpose of assessment
           Part 5 Exemptions, concessions and rebates
           Division 1 Family farming properties
   87.     Exemption from duty on conveyance of family farming property to family members, family companies or family trusts
           Division 2 Home incentive schemes
   88.     Interpretation
   89.     First home owner concession
   90.     Principal place of residence rebate
           Division3 Matrimonial property settlements
   91.     Conveyances of matrimonial property
           Division 4 Managed investment schemes
   92.     Managed investment scheme conveyance
           Part 6 Miscellaneous
   93.     Authorised stamps
   94.     Forgery etc. of authorised stamp
   95.     Regulatory offences
   96.     Admissibility of unstamped instruments
   97.     Former transitional provisions
   97A.    Transitional provision (rates of duty)
   97B.    Transitional provision (dutiable property)
   98.     Regulations
           Part 7 Transitional matters for Revenue Legislation Amendment Act 2009
   99.     Application
           Schedule 1 Dutiable instruments and rates of duty
           Schedule 2 Exemptions from duty
           ENDNOTES