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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Stamp Amendment Bill 2006
CONTENTS
1. Short title 2
2. Commencement 2
3. The Act amended 2
4. Section 73D amended 2
172--1 page i
Western Australia
LEGISLATIVE ASSEMBLY
Stamp Amendment Bill 2006
A Bill for
An Act to amend the Stamp Act 1921.
The Parliament of Western Australia enacts as follows:
page 1
Stamp Amendment Bill 2006
s. 1
1. Short title
This is the Stamp Amendment Act 2006.
2. Commencement
(1) Subject to subsection (2), this Act comes into operation on the
5 day after the day on which it receives the Royal Assent.
(2) Section 4 is deemed to have come into operation on
27 June 2006.
3. The Act amended
The amendments in this Act are to the Stamp Act 1921*.
10 [* Reprint 16 as at 12 May 2006.
For subsequent amendments see Act No. 31 of 2006.]
4. Section 73D amended
(1) After section 73D(1a) the following subsections are inserted --
"
15 (1b) For the purposes of this section, if --
(a) the unit trustee ("Trustee A") of a unit trust
scheme ("Trust A") holds as trustee of Trust A
a unit in another unit trust scheme ("Trust B");
and
20 (b) the unit trustee of Trust B holds as trustee of
Trust B --
(i) land and chattels situated in Western
Australia; or
(ii) any interest, including any beneficial
25 interest and any interest taken to be held
by that trustee by the operation of this
page 2
Stamp Amendment Bill 2006
s. 4
subsection, in land and chattels situated
in Western Australia,
Trustee A is taken to hold as trustee of Trust A an
undivided share, equivalent to the proportion of the
5 total issued units under Trust B represented by the unit
in Trust B held by Trustee A, in the land and chattels or
in that interest in land and chattels.
(1c) Subsection (1b) --
(a) applies for the purposes of a disposition made
10 on or after 27 June 2006 in relation to a unit in
a unit trust scheme; and
(b) has effect despite anything to the contrary in
any trust deed or other document.
".
15 (2) Section 73D(6) is amended after "subsection" by inserting --
" (1b) or ".
page 3
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