Stamp Amendment Act (No. 2) 1985 (WA)

WESTERN AUSTRALIA.

STAMP (No.2).

No. 85 of 1985.

AN ACT to amend the Stamp Act 1921.

lAssented to 4 December 1985.]

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:—

Short title

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

Amendment Act (No. 2) 1985.	Act.
Reprinted as

(2) In this Act the Stamp Act 1921 is referred approved

to as the principal Act. 9 June 1985.

No. 85.] Stamp. [1985.

commence-

meat. 2. This Act shall come into operation on 1

January 1986.

Second

Schedule	3.	The Second Schedule to the principal Act is
amended.

amended in Item 4—

(a) in subitem (3), by inserting after "State" the following

or a relevant transaction within the meaning of Part NAB the particulars of which are required to be included in a return lodged with the Commissioner under section 1120D ";

and

(b) by inserting after subitem (3) the following subitem-

(3a) The duty payable in respect of a relevant transaction on a return under and for the purposes of section 1120D shall be

(a) where the amount of the con- sideration

The person

(1) does not exceed $25 ....	0.16	declared under section
(ii) exceeds $25 but does	112011

not exceed $50 .. 0.30

WO exceeds $50 but does

not exceed $75 . 0.46

(iv) exceeds $75 but is less

than $100 0.60

(b)	where the amount of the consideration is $100 or more, for every $100 and also for any fractional part of $100	0.60.
(c)	where a relevant transaction
18 made-

(i) by a person to whom Part NAB applies as trustee for a broker (as defined in section 1120A) to himself as trustee for a jobber (as defined in that section); or

19851 Stamp. [No. 85.

(ii) by a person to whom Part IVAB applies as trustee for a jobber to himself as trustee for a broker,

the amount payable under paragraph (a) or (b) in respect of that relevant trans- action shall be one-half of the amount that would other- wise be payable. ".