Stamp Amendment Act (No. 2) 1982 (WA)

WESTERN AUSTRALIA.

STAMP (No. 2).

No. 15 of 1982.

AN ACT to amend the Stamp Act 1921-1981.

[Assented to 14 May 1982.]

BE it enacted by the Queen's Most ExcellentMajesty, 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:—

1. (1) This Act may be cited as the Stamp 2WAUteon.

Amendment Act (No. 2) 1982.

(2) In this Act the Stamp Act 19214981 is lareaggeddAs

March 1980

referred to as the principal Act.	as amended	by Acts
Nos 47 of
1979. 63

(3) The principal Act as amended by this Act may gY18016 8o1f

be cited as the Stamp Act 1921-1982. 198/.

No. 15.] Stamp (No. 2). [1982.

Commence-

ment. 2. (1) This Act other than section 4 of this Act shall be deemed to have come into operation on 8 April 1982.

(2) Section 4 of this Act shall come into operation

on the day on which this Act is assented to by the

Governor.

Section 11 21

amende d. 3. Section 1121 of the principal Act is amended— (a) in the definition of the term "interest"—

(i)    by deleting "or" after paragraph (b); and

(ii)    by deleting "Australia;" at the end of paragraph (c) and substituting

Australia; or

(d) any sum lawfully agreed to be paid by way of brokerage, commission, reward or other valuable consideration for services rendered by-

(i)  a person who is a licensed finance broker under the Finance Brokers Control Act 1975 and who renders the service in that capacity; or

(ii)  a person who is an exception to the definition of "finance broker" pursuant to section 5 of the Finance Brokers Control Act 1975 in respect of a service of the kind rendered by a finance broker,

1982.] Stamp (No. 2). [No. 15.

if the sum does not exceed the maximum remuneration fixed by the Finance Brokers Supervisory Board constit- uted under the Finance Brokers Control Act 1975 in relation to a service of the kind rendered; " ;

(b) in paragraph (f) of the definition of the term "loan" by deleting "or any other person (not being the person making or receiving that loan)" and substituting the following-

" who is an associated person or any other person who is an associated person " ; and

(c) by inserting the following subsection

CC (la) For the purposes of paragraph

(f) of the definition of the term "loan" in subsection (1) of this section the term "associated person" means a person who is an associate of the person making the loan in terms of section 6A (5) of the Companies Act 1961. "

4. Section 119 of the principal Act is amended by amended.'s

inserting after subsection (1) the following sub-

section

Cf (la) Subsection (1) of this section does not

apply to a local authority when acting in its capacity as the trustee of a superannuation fund. " .