Stamp Amendment (Budget) Act 2003 (WA)

Western Australia

Stamp Amendment (Budget) Act 2003

Western Australia

Stamp Amendment (Budget) Act 2003

CONTENTS

1.	Short title	1
2.	Commencement	2
3.	The Act amended	2
4.	Second Schedule item 4 amended and transitional
provision	3
5.	Second Schedule item 16 amended	4

Western Australia

Stamp Amendment (Budget) Act 2003

No. 44 of 2003

An Act to amend the Stamp Act 1921.

[Assented to 30 June 2003]

The Parliament of Western Australia enacts as follows:

1.             Short title

This Act may be cited as the Stamp Amendment (Budget)

Act 2003.

Stamp Amendment (Budget) Act 2003

s. 2

2.             Commencement

(1)

Subject to this section, this Act comes into operation on the day

on which it receives the Royal Assent.

(2)

Section 4 comes into operation, or is deemed to have come into

operation, on 1 July 2003.

(3)

Section 5 comes into operation, or is deemed to have come into

operation —

(a) on 8 May 2003 in relation to any policy of insurance that is renewed or effected on or after 8 May 2003 and before 1 July 2003 if —

(i)      the period for which the policy is valid commences on or after 8 May 2003 and before 1 July 2003 and the policy is a renewal of a policy of insurance that would otherwise have expired on or after 1 July 2003;

(ii)      the period for which the policy is valid commences on or after 8 May 2003 and before 1 July 2003 and the policy replaces another policy of insurance with the same insurer that would otherwise have expired on or after 1 July 2003; or

(iii)      the period for which the policy is valid commences on or after 1 July 2003;

and

(b) on 1 July 2003 in relation to any policy of insurance that is effected or renewed on or after 1 July 2003.

3.             The Act amended

The amendments in this Act are to the Stamp Act 1921*.

Stamp Amendment (Budget) Act 2003

s. 4

[* Reprinted as at 3 August 2001.

For subsequent amendments see 2001 Index to Legislation of Western Australia, Table 1, p. 354 and Acts Nos. 7, 11 and 25 of 2002 and 21 of 2003.]

4.             Second Schedule item 4 amended and transitional provision

(1)

The amendments in this section are to the Second Schedule.

(2)

Item 4(1)(a) is amended by deleting “$2.00” and inserting

instead —

“ $2.30 ”.

(3)

Item 4(1)(b) is amended by deleting “$1 600 and $3.00” and

inserting instead —

“ $1 840 and $3.45 ”.

(4)

Item 4(1)(c) is amended by deleting “$2 200 and $4.15” and

inserting instead —

“ $2 530 and $4.75 ”.

(5)

Item 4(1)(d) is amended by deleting “$8 425 and $5.15” and

inserting instead —

“ $9 655 and $5.90 ”.

(6)

Item 4(1)(e) is amended by deleting “$21 300 and $5.50” and

inserting instead —

“ $24 405 and $6.30 ”.

(7)

Despite the amendments made by this section, the Stamp

Act 1921 as in force immediately before 1 July 2003 continues

to apply to and in relation to instruments of a kind referred to in

the Second Schedule item 4(1) to that Act that were executed

before 1 July 2003.

Stamp Amendment (Budget) Act 2003

s. 5

5.             Second Schedule item 16 amended

(1)

The amendments in this section are to the Second Schedule.

(2)

Item 16(1)(b) is amended by deleting “8%” and inserting

instead —

“ 10% ”.

(3)

Item 16(1)(c) is amended by deleting “8%” and inserting

instead —

“ 10% ”.

(4)

Item 16(2) is amended by deleting “0.08” and inserting

instead —

“ 0.10 ”.