Stamp Act Amendment Act 1962 (WA)

No. 20.] Stamp. [1962.

STAMP.

11' Elizabeth II., No. XX.

No. 20 of 1962.

AN ACT to amend the Stamp Act, 1921-1961.

[Assented to 1st October, 1962.]

BE it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament

assembled, and by the authority of the same, as

follows:—

Short title

and citation. 1. (1) This Act may be cited as the Stamp Act

Amendment Act, 1962.

vol. 12

Reprinted (2) In this Act the Stamp Act, 1921-1961, is

Acts,

referred to as the principal Act.

approved for

reprint

1st May, 1955;

as amended	(3) The principal Act as amended by this Act
by Acts Nos.

64 of 1959,

may be cited as the Stamp Act, 1921-1962.

72 of 1959,

22 of 1960,

41 of 1960 and

21 of 1961.

1962.] Stamp. [No. 20.

2. The Second Schedule to the principal Act is SecondSchedule

amended amended.

(a) by substituting for paragraph (3) of the item—CONVEYANCE or TRANSFER on sale of property—the following para- graph

(3) Transfer of scrip or shares of an incorporated company or of any	The parties
thereto.

building society (except an incorpor- ated mining company carrying on the business of mining within the State), for every £5 and also for every frac- tional part of £5 of the amount or value of the consideration .... 0 0 3

(b) by deleting paragraph (6) of the item— CONVEYANCE or TRANSFER on sale of property—; and

(c) by adding after the item

The

CONVEYANCE or TRANSFER of any kind not hereinbefore described and	transferee
or person

not being a settlement, deed of gift in whom the

0 property

or an exchange. And see Section 73. 0 10 is vested.

the following item

The

CONVEYANCE or TRANSFER of a lot by the responsible authority for a town	transferee
or person

planning scheme, including the metro-

in whom the

property

politan region scheme, to a person

Is vested.

who on the date of the coming into operation of the scheme was the owner of

(a)	the land comprised in the lot; or
(b)	land comprised in the scheme and to whom the lot is con- veyed or transferred in sub- stitution or exchange for that land or part thereof,

where the lot is comprised in the scheme and is primarily used for residential purposes or is likely to be so used and the conveyance or transfer is made in order to carry out or facilitate the carrying out of the scheme	0 10 0
Expressions used in this item have the same meaning as they respectively have in the Town Plan- ning and Development Act, 1928.