Tasmanian Consolidated Acts Tasmanian Consolidated Acts
- Act 15 of 2001
- Royal Assent 26 April 2001
TABLE OF PROVISIONS
Long Title
1. 1. Short title
2. 2. Commencement
3. 3. Interpretation
4. 4. Meaning of child for purpose of definition of "related
person"
5. 5. Act read together with Taxation Administration Act 1997
6. 6. Imposition of duty on certain transactions concerning dutiable
property
7. 7. Imposition of duty on dutiable transactions that are not
transfers
8. 8. What form must a dutiable transaction take?
9. 9. What is dutiable property?
10. 10. When does a liability for duty arise?
11. 11. Who is liable to pay the duty?
12. 12. The liability of joint tenants
13. 13. Necessity for written instrument or written statement
14. 14. Lodging written instrument or written statement with
Commissioner
15. 15. When must duty be paid?
16. 16. No double duty
17. 17. What is the rate of duty?
18. 18. What is the dutiable value of dutiable property?
19. 19. What is the consideration for the transfer of dutiable
property?
20. 20. What is the unencumbered value of dutiable property?
21. 21. Arrangements that reduce the dutiable value
22. 22. Aggregation of dutiable transactions
23. 23. Apportionment – dutiable property and other
property
25. 25. Partnership interests
24. 24.
26. 26. Partitions
27. 27. Effect of alteration in purchase price
28. 28. Entitlements of joint purchasers
29. 29. General rate
30. 30. First home owners – concessional rate
30A. 30A. First home
owners – concession – vacant land
31. 31. Interim payment of duty
32. 32.
33. 33.
34. 34. Transfer arising from mortgage of land
35. 35. Vesting order
36. 36. Applications to bring land under Land Titles Act 1980
36A. 36A. Definitions
36B. 36B. Application of Division
36C. 36C. How duty is charged on transfer
36D. 36D. Dutiable value of transactions
36E. 36E. When does liability to duty arise?
36F. 36F. Who is liable to pay duty?
36G. 36G. Exemptions and concessions
36H. 36H. Provisions for determining consideration
36I. 36I. Parties required to provide information to Commissioner
37. 37. Change in trustees
38. 38. Transfers in relation to managed investment schemes
39. 39. Property vested in an apparent purchaser
40. 40. Transfers back from a nominee
41. 41. Property passing to beneficiaries
42. 42. Establishment of a trust relating to unidentified property
and non-dutiable property
43. 43. Instrument relating to managed investment scheme
44. 44. Instruments relating to superannuation
45. 45. Transfer of property from one superannuation fund to another
46. 46. Transfers between trustees and custodians of superannuation
funds or trusts
47. 47. Deceased estates
48. 48. Conversion of lots to strata title
49. 49. Duty where no change of beneficial ownership
50. 50. Adjustment of dutiable value of transfer on a company
wind-up
51. 51.
52. 52. Exemptions from duty
53. 53. Exemptions relating to various transactions
54. 54.
55. 55. Exemptions – transfers to partners in a marriage
or relationship
56. 56. Exemptions – break-down of marriages
57. 57. Exemptions – personal relationships
58. 58. Introduction and overview
59. 59. Meaning of private corporation
59A. 59A. Company to be treated as private company in certain
circumstances
60. 60. When is a private corporation land-rich?
61. 61. Land holdings of private corporations
62. 62. Constructive ownership of land holdings and other property:
subsidiaries
63. 63. Constructive ownership of land holdings and other property:
discretionary trusts
64. 64. What are interests and majority interests in private
corporations?
65. 65. How may an interest be acquired?
66. 66. When does a liability for duty arise?
67. 67. What is a relevant acquisition?
68. 68. Acquisition statements
69. 69. When must duty be paid?
70. 70. Who is liable to pay the duty?
71. 71. How duty is charged on relevant acquisitions
72. 72. Exemptions
73. 73. Maximisation of entitlements on distribution of property
74. 74. Valuation of property
75. 75. Phasing-in of duty
76. 76. Agreements for sale or conveyance of land
77. 77. Duty concession: acquisitions securing financial accommodation
78. 78.
79. 79.
80. 80.
81. 81.
82. 82.
83. 83.
84. 84.
85. 85. When does a liability for duty arise?
86. 86. When must duty be paid?
87. 87. Who is liable to pay the duty?
88. 88. Acquisition of land use entitlement
89. 89. Form of statement
90. 90. Assessment of duty
91. 91. Application of Act to put and call option, &c.
92. 92. When does liability for duty arise?
93. 93. Duty chargeable on assignment of rights under put and call
option
94. 94. When does liability for duty arise?
95. 95. Dutiable value of property subject to put and call option
or call option assignment
96. 96. No double duty
97. 97. Exemptions
98. 98.
99. 99.
100. 100.
101. 101.
102. 102.
103. 103.
104. 104.
105. 105.
106. 106.
107. 107.
108. 108.
109. 109.
110. 110.
111. 111.
112. 112.
113. 113.
114. 114.
115. 115.
116. 116.
117. 117.
118. 118.
119. 119.
120. 120.
121. 121.
122. 122.
123. 123.
124. 124.
125. 125.
126. 126.
127. 127.
128. 128.
129. 129.
130. 130.
131. 131.
132. 132.
133. 133.
134. 134.
135. 135.
136. 136.
137. 137.
138. 138.
139. 139.
140. 140.
141. 141.
142. 142.
143. 143.
144. 144.
145. 145.
146. 146.
147. 147.
148. 148.
149. 149.
150. 150.
151. 151.
152. 152.
153. 153.
154. 154.
155. 155.
156. 156.
157. 157.
158. 158.
159. 159.
160. 160.
161. 161.
162. 162. Imposition of duty
163. 163. What is general insurance?
164. 164. What is a premium in relation to general insurance?
165. 165. When is a premium paid?
166. 166. What duty is payable?
167. 167. Who is liable to pay the duty?
168. 168. Circumstances in which duty is payable by the insured
person
169. 169. Records to be kept
170. 170. Refunds where premiums are returned
171. 171. Imposition of duty
172. 172. What is life insurance?
173. 173. Obligation to make out and execute a policy of life
insurance
174. 174. What duty is payable?
175. 175. Who is liable to pay the duty?
176. 176. Circumstances in which duty is payable by the insured
person
177. 177. Refund on cancellation of policy of life insurance
178. 178. Who is an insurer?
179. 179. Insurers must be registered
180. 180. Application for registration
181. 181. Cancellation of registration by the Commissioner
182. 182. Cessation of business and cancellation of registration by
the insurer
183. 183. Register of insurers
184. 184. Monthly returns and payment of duty
185. 185. Recovery of duty by registered insurer
186. 186. Application of Division 1
187. 187. Schedule of Apportionment
188. 188. Apportionment in practice
189. 189. Apportionment between different types of insurance
190. 190. What insurance is exempt from duty?
191. 191. Effect on contract of insurance of failure to comply with
this Chapter
192. 192. Imposition of duty
193. 193. Lodgment of statement of dutiable value
194. 194. Failure to register
195. 195. Who is liable to pay the duty?
196. 196. When does duty become payable?
196A. 196A. Effect of failure to pay duty
197. 197. What is the rate of duty?
198. 198. What is the dutiable value of a motor vehicle?
199. 199. Exemptions
200. 200. Avoidance of double duty – duty paid in a
corresponding Australian jurisdiction
201. 201. No change in beneficial ownership
202. 202. Reassessment of duty – repossession of stolen
motor vehicle
203. 203. Refund if contract, arrangement or agreement cancelled
204. 204. Exemptions for motor dealers
205. 205. Application for exemption certificate
206. 206. Grant or refusal of application
207. 207. Form of exemption certificate
208. 208. Period of exemption certificate
209. 209. Notification of changes
210. 210. Renewal of exemption certificate
211. 211. Grant or refusal of renewal of application
212. 212. Suspension and cancellation of exemption certificate
213. 213. Continuing use of exemption certificate
214. 214. Applicable exemptions
215. 215. Improperly obtaining exemption
216. 216. Change of purpose
217. 217. Duty payable in certain circumstances
218. 218. Record of exemption certificates
219. 219. Duplicates or counterparts
220. 220. Replicas
221. 221. Motor accident premium certificates
222. 222.
223. 223.
224. 224.
225. 225. Intergenerational rural transfers
226. 226. Subsequent liability for duty in certain circumstances
227. 227. Miscellaneous exemptions
227A. 227A.
227B. 227B. Instruments issued for purpose of creating, issuing or
marketing mortgage-backed securities
227C. 227C. Loan-backed securities
228. 228. Provision of stamps
229. 229. Limitation on use of designated stamps
230. 230. Form of stamps to be used
231. 231. Stamping of instruments
232. 232. When is an instrument duly stamped?
233. 233. Adhesive stamps
234. 234. Licences to deal in stamps
235. 235. Refunds – spoiled and unused stamps
236. 236. Reassessments – failed instruments
237. 237. Instruments to be separately charged with duty in certain
cases
238. 238. Execution of instruments
239. 239. Stamping of instruments after execution
240. 240. Stamping taken to constitute an assessment
241. 241. Copies of instruments
242. 242. Calculation of time
243. 243. Registration of instruments
244. 244.
245. 245.
246. 246. Receipt of instruments in evidence
247. 247. Valuation of property
248. 248. Assessment where consideration inadequate
249. 249. Ascertainment of value of certain interests
250. 250. Impounding of instruments
251. 251. Application of Act
252. 252.
253. 253.
254. 254. Recognised stock exchanges
255. 255. Duty paid under former Act
256. 256. Stamping under former Act
257. 257. Regulations
258. 258. Administration of Act
259. 259. Savings and transitional provisions
259A. 259A. Savings and transitional provisions consequent on Taxation
and Related Legislation (Miscellaneous Amendments) Act 2008
259B. 259B. Transitional provisions consequent on Duties Amendment Act
2009
260. 260.
261. 261. Stamp Duties Act 1931 repealed
262. 262. Stamp Duties Regulations 1998 rescinded
SCHEDULE 1
SCHEDULE 2
[ Note: This table has been automatically generated and may be incomplete. ]