Commonwealth Numbered Acts

AUSTRALIAN CAPITAL TERRITORY STAMP DUTY AMENDMENT ACT 1985 No. 170 of 1985 - SECT 6

6. Schedule 1 to the Principal Act is amended -

   (a)  by omitting Items 4 and 5 and substituting the following Items:
    "4 Transfer, or an agreement for   (a) $1.25 for every $100, and for any

       a transfer, of an estate in fee     fractional part of $100, of

       simple in land situated in the      part of

       Territory                           the value of the interest i  n the

land
transferred or agreed to be
transferred
that does not exceed $14,00 0;

   (b)  $1.50 for every $100, and for any
                                           fractional part of $100, of   the

part of
the value of the interest i n the
land
transferred or agreed to be
transferred
that exceeds $14,000 but do es not
exceed $30,000;

   (c)  $2.00 for every $100, and for any
                                           fractional part of $100, of   the

part of
the value of the interest i n the
land
transferred or agreed to be
transferred
that exceeds $30,000 but do es not
exceed $60,000; and

   (d)  $2.50 for every $100, and for any
                                           fractional part of $100, of   the

part of
the value of the interest i n the
land
transferred or agreed to be
transferred
that exceeds $60,000
    5 Transfer, or an agreement for    (a) $1.25 for every $100, and for any

      a transfer, of a Crown lease         fractional part of $100, of

      for a term exceeding 5 years         part of

      of land situated in the              the value of the interest i  n the

      Territory                            land

transferred or agreed to be
transferred
that does not exceed $14,00 0;

   (b)  $1.50 for every $100, and for any
                                           fractional part of $100, of   the

part of
the value of the interest i n the
land
transferred or agreed to be
transferred
that exceeds $14,000 but do es not
exceed $30,000;

   (c)  $2.00 for every $100, and for any
                                           fractional part of $100, of   the

part of
the value of the interest i n the
land
transferred or agreed to be
transferred
that exceeds $30,000 but do es not
exceed $60,000; and

   (d)  $2.50 for every $100, and for any
                                           fractional part of $100, of   the

part of
the value of the interest i n the
land
transferred or agreed to be
transferred
that exceeds $60,000";

   (b)  by omitting Item 7 and substituting the following Item:
    "7 Transfer or assignment, or an   (a) $1.25 for every $100, and for any

       agreement for a transfer or         fractional part of $100, of

       assignment, of a lease, other       part of

       than a Crown lease for a            the total amount or value o  f any

       term exceeding 5 years, of          consideration given or agre  ed to
be
       land situated in the Territory      given in respect of the tra  nsfer
or
assignment that does not ex ceed
$14,000;

   (b)  $1.50 for every $100, and for any
                                           fractional part of $100, of   the

part of
the total amount or value o f any
consideration given or agre ed to be
given in respect of the tra nsfer or
assignment that exceeds $14 ,000 but
does not exceed $30,000;

   (c)  $2.00 for every $100, and for any
                                           fractional part of $100, of   the

part of
the total amount or value of any
consideration given or agreed to be
given in respect of the transfer or
assignment that exceeds $30,000 but
does not exceed $60,000; and

   (d)  $2.50 for every $100, and for any
fractional part of $100, of the
part of
the total amount or value of any
consideration given or agreed to be
given in respect of the transfer or
assignment that exceeds $60,000";
(c) by inserting in Item 8 "or unit trust" after "company"; and

   (d)  by adding at the end the following Item:
    "9 Loan security that is           (a) Where the amount payable or

       connected with the Territory        repayable under or secured   by
the
loan
security does not exceed $1 5,000
or, if
that amount is not fixed, w here the
maximum amount that is or m ay
become payable or repayable under
or
that is secured by the loan
security
does not exceed $15,000 - $ 5; or

   (b)  where that amount or maximum
                                           amount exceeds $15,000 - $5   for

                                           first $15,000 and 40 cents   for

every
$100, and for any fractiona l part
of
$100, in excess of the firs t
$15,000".