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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Stamp Amendment (Budget) Bill 2003
CONTENTS
1. Short title 1
2. Commencement 2
3. The Act amended 2
4. Second Schedule item 4 amended and transitional
provision 3
5. Second Schedule item 16 amended 3
page i
198--1
Western Australia
LEGISLATIVE ASSEMBLY
Stamp Amendment (Budget) Bill 2003
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 (Budget)
Act 2003.
page 1
Stamp Amendment (Budget) Bill 2003
s. 2
2. Commencement
(1) Subject to this section, this Act comes into operation on the day
on which it receives the Royal Assent.
(2) Section 4 comes into operation, or is deemed to have come into
5 operation, on 1 July 2003.
(3) Section 5 comes into operation, or is deemed to have come into
operation --
(a) on 8 May 2003 in relation to any policy of insurance
that is renewed or effected on or after 8 May 2003 and
10 before 1 July 2003 if --
(i) the period for which the policy is valid
commences on or after 8 May 2003 and before
1 July 2003 and the policy is a renewal of a
policy of insurance that would otherwise have
15 expired on or after 1 July 2003;
(ii) the period for which the policy is valid commences
on or after 8 May 2003 and before 1 July 2003 and
the policy replaces another policy of insurance with
the same insurer that would otherwise have expired
20 on or after 1 July 2003; or
(iii) the period for which the policy is valid
commences on or after 1 July 2003;
and
(b) on 1 July 2003 in relation to any policy of insurance that
25 is effected or renewed on or after 1 July 2003.
3. The Act amended
The amendments in this Act are to the Stamp Act 1921*.
[* Reprinted as at 3 August 2001.
For subsequent amendments see 2001 Index to Legislation of
30 Western Australia, Table 1, p. 354 and Acts Nos. 7, 11 and 25
of 2002 and 21 of 2003.]
page 2
Stamp Amendment (Budget) Bill 2003
s. 4
4. Second Schedule item 4 amended and transitional provision
(1) The amendments in this section are to the Second Schedule.
(2) Item 4(1)(a) is amended by deleting "$2.00" and inserting
instead --
5 " $2.30 ".
(3) Item 4(1)(b) is amended by deleting "$1 600 and $3.00" and
inserting instead --
" $1 840 and $3.45 ".
(4) Item 4(1)(c) is amended by deleting "$2 200 and $4.15" and
10 inserting instead --
" $2 530 and $4.75 ".
(5) Item 4(1)(d) is amended by deleting "$8 425 and $5.15" and
inserting instead --
" $9 655 and $5.90 ".
15 (6) Item 4(1)(e) is amended by deleting "$21 300 and $5.50" and
inserting instead --
" $24 405 and $6.30 ".
(7) Despite the amendments made by this section, the Stamp
Act 1921 as in force immediately before 1 July 2003 continues
20 to apply to and in relation to instruments of a kind referred to in
the Second Schedule item 4(1) to that Act that were executed
before 1 July 2003.
5. Second Schedule item 16 amended
(1) The amendments in this section are to the Second Schedule.
25 (2) Item 16(1)(b) is amended by deleting "8%" and inserting
instead --
" 10% ".
page 3
Stamp Amendment (Budget) Bill 2003
s. 5
(3) Item 16(1)(c) is amended by deleting "8%" and inserting
instead --
" 10% ".
(4) Item 16(2) is amended by deleting "0.08" and inserting
5 instead --
" 0.10 ".
page 4
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