DUTIES ACT 2000 - SECT 68 Share buy-backs

DUTIES ACT 2000 - SECT 68

No duty is chargeable under this Chapter in respect of a dutiable transaction arising because of a buy-back of shares in accordance with Division 2 of Part 2J.1 of the Corporations Act, unless the buy-back is effected by the purchaser under one or more agreements, understandings or arrangements that the purchaser will issue marketable securities.