Stamp Amendment (Marketable Securities Duty) Act 1995 (WA)

WESTERN AUSTRALIA

STAMP AMENDMENT

(MARKETABLE SECURITIES

DUTY) ACT 1995

No. 22 of 1995

AN ACT to amend the Stamp Act 1921.

[Assented to 13 July 1995.]

The Parliament of Western Australia enacts as follows:

Short title

1. This Act may be cited as the Stamp Amendment (Marketable

Securities Duty) Act 1995.

No. 22] Stamp Amendment (Marketable Securities

Duty) Act 1995

Commencement

2.     (1) If this Act receives the Royal Assent on or before 1 July

1995 it comes into operation on 1 July 1995.

(2) If this Act receives the Royal Assent after 1 July 1995 it

shall be deemed to have come into operation on 1 July 1995.

Principal Act

3. In this Act the Stamp Act 1921* is referred to as the

principal Act.

[* Reprinted as at 21 March 1989.

For subsequent amendments see 1994 Index to

Legislation of Western Australia, Table 1, pp. 200-2.]

Second Schedule amended

4.     The Second Schedule to the principal Act is amended —

(a) in item 4A (1) by deleting paragraph (f) and

substituting the following paragraphs —

(I) where the marketable 0.30 for every

security or right in respect

$100 and also

of shares is listed on a

for any

prescribed stock exchange

fractional part

(as defined in section

of $100 of the

112A (1)), unless

amount or

paragraph (g) applies

value of

consideration

(fa) where the marketable 0.60 for every

security or right in respect

$100 and also

of shares is not listed on a

for any

prescribed stock exchange

fractional part

(as defined in section

of $100 of the

112A (1)), unless

amount or

paragraph (g) applies

value of

consideration

Stamp Amendment (Marketable Securities [No. 22

Duty) Act 1995 s. 5

(b)	in item 4A (2) (a) by deleting "0.30" and substituting the following —
'C 7);

0.15

(c) in item 4A (3) (a) by deleting "0.60" and substituting the following —

44

0.30 "; and

(d) in item 4A (4) (a) by deleting "0.60" and substituting the following —

0.30

Saving provision

5. The principal Act as in force immediately before the commencement of this Act continues to operate in respect of conveyances and transfers of marketable securities and rights in respect of shares made or executed before 1 July 1995.