Australian Capital Territory Tax (Transfers of Marketable Securities) Regulations (Cth)

Statutory Rules 1986 No. 3901

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Australian Capital Territory Tax (Transfers

of Marketable Securities) Regulations

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Australian Capital Territory Tax (Transfers of Marketable Securities) Act 1986.

Dated 18 December 1986.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

Paul Keating

Treasurer

––––––

Citation

1. These Regulations may be cited as the Australian Capital Territory Tax (Transfers of Marketable Securities) Regulations.

Commencement

2. These Regulations shall be deemed to have come into operation at 5 o’clock in the afternoon, by standard time in the Territory, on 10 June 1986.

Interpretation

3. In these Regulations, unless the contrary intention appears, “the Act” means the Australian Capital Territory Tax (Transfers of Marketable Securities) Act 1986.

Prescribed transfers

4. For the purposes of paragraph 6 (1) (a) of the Act, each of the following kinds of transfer of a marketable security is prescribed:

(a) a transfer of a share in the capital of a company, being a share that, immediately before the date on which the instrument of transfer effecting the transfer was executed, was registered in a register kept by the company in the State of New South Wales, the

 

(S.R. 343/86)—Cat. No.  10/26.11.1986

 

State of Victoria, the State of Queensland, the State of Western Australia, the State of South Australia or the State of Tasmania;

(b) a transfer of a debenture of a company, being a debenture that, immediately before the date on which the instrument of transfer effecting the transfer was executed, was registered in a register kept by the company in the State of Tasmania;

(c) a transfer of a right, whether existing or future and whether contingent or not, of a person to have issued to the person a share in the capital of a company, whether on payment of money or other consideration or not, being a right that, immediately before the date on which the instrument of transfer effecting the transfer was executed, was registered in a register kept by the company in the State of New South Wales, the State of Victoria, the State of Queensland, the State of Western Australia, the State of South Australia or the State of Tasmania.

 

NOTE

1. Notified in the Commonwealth of Australia Gazette on 22 December 1986.

Printed by Authority by the Commonwealth Government Printer