TELECOMMUNICATIONS AND POSTAL SERVICES (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1989No. 63, 1989 - SECT 80 Stamp duty not payable in relation to certain securities etc.

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TELECOMMUNICATIONS AND POSTAL SERVICES (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1989No. 63, 1989 - SECT 80

Stamp duty not payable in relation to certain securities etc.

80. Stamp duty or any similar tax is not payable under a law of a State or
Territory in relation to:

   (a)  a security issued by Telecom before the commencing day;

   (b)  the issue, redemption, transfer, sale or purchase of such a security
        (other than a transaction entered into without consideration or for an
        inadequate consideration); or

   (c)  any document executed by or on behalf of Telecom, or any transaction,
        in relation to money borrowed by Telecom before the commencing day.

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