Telstra Corporation (Transfer of Shares — Stamp Duty) Amendment Regulations 1999 (No. 1) (Cth)

Telstra Corporation (Transfer of Shares — Stamp Duty) Amendment Regulations 1999 (No. 1)

Statutory Rules 1999 No. 161

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under theTelstra Corporation Act 1991.

Dated 9 August 1999.

WILLIAM DEANE

Governor-General

By His Excellency’s Command,

richard alston

Minister for Communications, Information Technology

and the Arts

Telstra Corporation (Transfer of Shares — Stamp Duty) Amendment Regulations 1999 (No. 1)1

Statutory Rules 1999 No. 1612

made under the

Telstra Corporation Act 1991

   

Contents

Page

1. •
2. •

 

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1Name of Regulations

 These Regulations are the Telstra Corporation (Transfer of Shares — Stamp Duty) Amendment Regulations 1999 (No. 1).

2Commencement

 These Regulations commence on gazettal.

3Amendment of Telstra Corporation (Transfer of Shares – Stamp Duty) Regulations

Schedule 1 amends the Telstra Corporation (Transfer of Shares — Stamp Duty) Regulations.

Schedule 1Amendments

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(regulation 3)

[1]Regulation 1

substitute

1Name of Regulations

 These Regulations are the Telstra Corporation (Transfer of Shares — Stamp Duty) Regulations 1997.

[2]Regulation 3

omit

For

insert

1. (1)

   For

[3]Subparagraphs 3 (a) (i) and (ii)

substitute

1. (i)

   occurs as a result of a change in ownership of an instalment receipt; and

2. (ii)

   would, apart from this paragraph, incur liability under a State or Territory law for duty in addition to duty (if any) under a law of that kind incurred as a result of the change in ownership of the instalment receipt (the primary duty);

[4]Subparagraph 3 (d) (iii)

after

31 December 1997

insert

, or after 16 October 1999 but before 31 December 1999,

[5]Paragraph 3 (f)

omit

party.

insert

party;

[6]After paragraph 3 (f)

insert

1. (g)

   a transaction the only purpose of which is to correct a clerical error, or an obvious mistake, in relation to:

   1. (i)

      the pre-registration of a person for application for an instalment receipt; or

   2. (ii)

      the processing of an application for an instalment receipt; or

   3. (iii)

      the registration or issue of an instalment receipt.

[7]Regulation 3

insert

1. (2)

   For paragraph 8AK (3) (b) of the Act, the rule in subsection 8AK (2) of the Act does not apply in relation to the primary duty mentioned in subparagraph (1) (a) (ii).

Notes

1. These Regulations amend Statutory Rules 1997 No. 247.

2. Made by the Governor-General on 9 August 1999, and notified in the Commonwealth of Australia Gazette on 10 August 1999.