South Australian Consolidated Acts

CO-OPERATIVES ACT 1997 - SECT 33

33—Stamp duty exemption for certain co-operatives

        (1)         This section applies to a co-operative that—

            (a)         has as its primary activity the providing of any community service or benefit; and

            (b)         was, before it was incorporated under this Act, an unincorporated club, association or body operating to provide sporting or recreational facilities for its members and not carried on for the pecuniary profit of its members.

        (2)         An instrument transferring to a co-operative to which this section applies any property which was, immediately before the co-operative was incorporated, held by or on behalf of the unincorporated club, association or body is not chargeable with stamp duty.