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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Stamp Amendment (First Home Owner)
Bill 2006
CONTENTS
1. Short title 2
2. Commencement 2
3. The Act amended 2
4. Section 75AG amended 2
5. Second Schedule amended 3
156--1 page i
Western Australia
LEGISLATIVE ASSEMBLY
(Introduced by Mr Buswell, MLA)
Stamp Amendment (First Home Owner)
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 (First Home Owner) Bill 2006
s. 1
1. Short title
This is the Stamp Amendment (First Home Owner) Act 2006.
2. Commencement
This Act comes into operation on the day on which it receives the
5 Royal Assent.
3. The Act amended
The amendments in this Act are to the Stamp Act 1921*.
[* Reprint 16 as at 12 May 2006.]
10 4. Section 75AG amended
(1) The heading is amended by deleting "Reduction of duty or
refund for" and inserting instead --
" Exemption from duty for ".
(2) Section 75AG(1) is amended as follows --
15 (a) by inserting after "Duty" --
" is not payable ".
(b) by inserting after "property" in the first place where it
occurs --
" under the Transfer of Land Act 1893 ".
20 (c) by deleting "referred to in the Second Schedule
item 4(2) or (3) becomes chargeable at the rate set out in
the respective subitem".
(3) Section 75AG (1a) is amended as follows --
(a) by deleting "the Second Schedule item 4(2) or (3)" and
25 inserting instead --
" subsection (1) ".
page 2
Stamp Amendment (First Home Owner) Bill 2006
s. 5
(b) in paragraph (a), by deleting "referred to in item 4(2)"
and inserting instead --
" where the land includes a home ".
(c) in paragraph (a), by deleting "$350 000" and inserting
5 instead --
" $420 000 ".
(d) in paragraph (b), by deleting "property referred to in
item 4(3)" and inserting instead --
" vacant land ".
10 (4) Section 75AG(2) is amended by deleting "the amount of duty
chargeable on the instrument to be assessed" and inserting
instead --
" exemption from duty ".
(5) Section 75AG(5)(b) is amended by deleting "duty on the
15 instrument is chargeable" and inserting instead --
" the instrument is exempt from duty ".
(6) Section 75AG(9) is amended by deleting "duty on the
instrument of transfer is not, or is no longer (as the case
requires) chargeable" and inserting instead --
20 "
the instrument is not, or is no longer (as the case
requires) exempt from duty
".
5. Second Schedule amended
25 (1) The amendments in this section are to the Second Schedule.
(2) Items 4(2) and 4(3) are deleted.
page 3
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