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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
LEGISLATIVE COUNCIL
Stamp Amendment Bill 1999
A Bill for
An Act to amend the Stamp Act 1921.
The Parliament of Western Australia enacts as follows:
1. Short title
This Act may be cited as the Stamp Amendment Act 1999.
page 1
68--1
Stamp Amendment Bill 1999
s. 2
2. Commencement
This Act comes into operation on the day it receives the Royal
Assent.
3. Act amended
5 The amendments in this Act are to the Stamp Act 1921*.
[* Reprinted as at 23 January 1996.
For subsequent amendments see 1998 Index to Legislation of
Western Australia, Table 1, p. 237, and Acts Nos. 2, 24, 25
and 26 of 1999.]
10 4. Section 70 amended
(1) Section 70(1) is amended by deleting the definition of
"chargeable with duty" and inserting the following definition
instead --
"
15 "chargeable with duty" means chargeable with duty
under --
(a) item 4, 10, 14A, 15, 17 or 19 of the Second
Schedule; or
(b) item 12(1) or (3) if --
20 (i) the term of the lease, including any
period for which the lease may be
renewed, exceeds, or is to exceed,
20 years; and
(ii) any option to renew the lease is, or is to
25 be, exercisable by the lessor;
".
(2) Section 70(1) is amended in the definition of "transfer" by
inserting after "vest," --
" grant, ".
page 2
Stamp Amendment Bill 1999
s. 5
5. Section 75ABA inserted
After section 75AB the following section is inserted --
"
75ABA. Power of exemption for transfers by bankruptcy
5 trustee to bankrupt
(1) When the Commissioner is satisfied that an instrument
is an instrument by which property that vested in a
bankruptcy trustee on the bankruptcy of a person is
conveyed from the bankruptcy trustee back to that
10 person, the Commissioner may exempt the instrument
from duty and the instrument is to be endorsed
accordingly.
(2) In this section --
"bankruptcy trustee" means --
15 (a) the Official Trustee in Bankruptcy; or
(b) a registered trustee,
under the Bankruptcy Act 1966 of the
Commonwealth.
".
page 3
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