Gift Duty Acts Amendment Act of 1958 (7 Eliz Ii No. 43) (Qld)

280 FUNDS—GIFT DUTY. Gift Duty Acts Amendment Act. 7 E liz . II. No. 43, Proceeds ot 5. (1.) Moneys received by the Treasurer in respect investments of any investment specified in paragraph (a) of subsection one of section three of this Act— (a) In repayment of principal shall be paid to the credit of the fund or funds from which the money was invested; and (b) In payment of interest, shall be paid into and form part of the Consolidated Revenue Fund. (2.) Moneys received by the Treasurer in respect of any investment specified in paragraph (6) of subsection one of section three of this Act shall be paid into the Trust and Special Funds to the credit of the special account from which the investment was made. GIFT DUTY. 7 E N l o i . z 4 . 3 I . I. An Act to Amend "The Gift Duty Acts, 1926 T he G ift D uty A cts A mendment to 1952/’ in certain particulars. A ct of 1958. [A ssented to 3 rd D ecember , 1958.] E it enacted by the Queen’s Most Excellent Majesty, B by and with the advice and consent of the Legis­ lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:— Short title. 1. (1.) This Act may be cited as “ The Gift Duty Acts Amendment Act of 1958.” Principal (2.) *“ The Gift Duty Acts , 1926 to 1952,” are in this Act. Act referred to as the Principal Act. Collective (3.) The Principal Act and this Act may be title. collectively cited as “ The Gift Duty Acts, 1926 to 1958.” Amendment 2. Section two of the Principal Act is amended by of s. 2. repealing, in the definition of the expression “ Commissioner ” therein, the words “ Chief Deputy Commissioner of Stamp Duties ”, and inserting, in lieu of those repealed words, the words “ the Assistant Commissioner of Stamp Duties ”. * 17 G. 5 No. 23 and amending Acts.

GIFT DUTY. 281 1958. Gift Duty Acts Amendment Act. 3. Section four of the Principal Act is amended by Amendment repealing subparagraph (i.) of paragraph ( b ) thereof, and inserting, in lieu of that repealed subparagraph, the following subparagraph :— “ (i.) The employer is a body corporate other than an incorporated private company ; or 4. Section seven of the Principal Act is! amended Amendment by repealing, in paragraph (a) thereof, the words ‘ ‘ “ twenty pounds ”, and inserting, in lieu of those repealed words, the words “ fifty pounds 5. Section fourteen of the Principal Act is repealed. Re^ai of 6. Section twenty-eight of the Principal Act is amended by adding to paragraph (iii.) thereof the following proviso :— “ Provided that the Commissioner may in any particular case for reasons which he thinks sufficient direct that the duty be assessed at the appropriate rate prescribed by section eight of this Act, or at that rate as increased by section nineteen of jthis Act, or, where the duty is assessed or pa|id at the double rates aforesaid, may remit the whole or any part of that duty which is in excess of the duty that would be payable if the appropriate rate prescribed by section eight of this Act were applied.” ' ’ 7. Section thirty-three of the Principal Act is ^®g^nent renumbered subsection one of that section and that ' ’ section as so renumbered is amended by adding thereto the following subsection :— “ (2.) The Commissioner or any officer duly authorised by him or any witness on his behalf shall not be required to produce in court any return, declaration, valuation, statement, requisition, assessment, notice or any other document, or disclose to any court the fact that he has received any information or the nature thereof or the name of the person who gave such information, or any matter or thing coming under his notice in the performance of his duties under this Act except when it is necessary so to do for the purpose of carrying into effect the provisions of this Act.”