Transport Administration Act 1988 Transport Administration Amendment (Light Rail Stamp Duty Exemption) Regulation 1999 (1999-565) [GG No 122 of 22.10.1999, p 10046] (NSW)

1999 No 565

Transport Administration Amendment New South Wales

(Light Rail Stamp Duty Exemption)

Regulation 1999

under the

Transport Administration Act 1988

His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Transport Administration Act 1988.

CARL SCULLY, M.P.,

Minister for Transport

Explanatory note
As part of the Ultimo-Pyrmont Light Rail Project, the State Rail Authority leased land to the Transport Administration Corporation. The Transport Administration Corporation sub-leased that land to the Pyrmont Light Rail Company Pty Limited for the purposes of constructing and operating a light rail system.

Section 104T of the Transport Administration Act 1988 provides that regulations may exempt any matter concerning the development and operation of a light rail system from liability for the payment of stamp duty under the Stamp Duties Act 1920. The object of this Regulation is to exempt the sub-lease between the Transport Administration Corporation and the Pyrmont Light Rail Company Pty Limited from liability to stamp duty under the Stamp Duties Act 1920.

This Regulation is made under the Transport Administration Act 1988, including sections 104T and 119 (the general regulation-making power).

Published in Gazette No 122 of 22 October 1999, page 10046	Page 1
[4]
1999 No 565
Clause 1	Transport Administration Amendment (Light Rail Stamp Duty Exemption) Regulation 1999

Transport Administration Amendment (Light Rail
Stamp Duty Exemption) Regulation 1999

1     Name of Regulation

This Regulation is the Transport Administration Amendment (Light
Rail Stamp Duty Exemption) Regulation 1999.

2 Amendment of Transport Administration (General) Regulation 1995

The Transport Administration (General) Regulation 1995 is amended as set out in Schedule 1.

3 Notes

The explanatory note does not form part of this Regulation.

1999 No 565

Transport Administration Amendment (Light Rail Stamp Duty Exemption)

Regulation 1999

Amendment	Schedule 1
Schedule 1	Amendment

(Clause 2)

Clause 9E

Insert after clause 9D:

9E Exemption of light rail sub-lease from stamp duty

For the purposes of section 104T of the Act, the sub-lease between the Transport Administration Corporation as sub- lessor and the Pyrmont Light Rail Company Pty Limited as sub-lessee registered at the Land Titles Office with the number 3589935 and commencing on 11 August 1997 and terminating on 10 February 2028 is exempt from liability for the payment of stamp duty under the Stamp Duties Act 1920.

BY AUTHORITY