No. XX.
An Act to further amend the Stamp Duties Act of 1880 and the Stamp Duties Act Amendment Act of 1886. [23rd May,1894. ]

B

E it enacted b y t h e Q u e e n ' s M o s t E x c e l l e n t M a j e s t y , b y a n d w i t h t h e advice a n d c o n s e n t of t h e Legislative C o u n c i l a n d Legisla tive A s s e m b l y of N e w S o u t h W a l e s in P a r l i a m e n t assembled, a n d b y t h e a u t h o r i t y of t h e same, as follows :-- 1. (I) W h e r e application is m a d e for p r o b a t e or l e t t e r s of a d m i n i s t r a t i o n , or for a n order to collect in respect of t h e estate of a n y person d y i n g after t h e passing of this A c t domiciled a t some place w i t h i n or o u t of t h e Colony of N e w S o u t h W a l e s , t h e e s t a t e of t h a t person shall, for the p u r p o s e s of t h e S t a m p D u t i e s A c t of 1880 a n d of t h e S t a m p D u t i e s A c t A m e n d m e n t A c t of 1SSG be t a k e n t o include-- (a) E v e r y specialty debt d u e to t h a t person a n d secured or p a r t l y secured b y m o r t g a g e , e n c u m b r a n c e , p l e d g e , or lien, legal or equitable, of or over real or personal p r o p e r t y s i t u a t e w i t h i n t h e Colony, a n d n o t w i t h s t a n d i n g t h a t t h e specialty was, a t t h e t i m e of t h e d e a t h of t h a t person, outside t h e Colony. (b) E v e r y share h e l d by t h a t person in a n y c o m p a n y , corporation, or society, w h e t h e r registered or i n c o r p o r a t e d w i t h i n or o u t of t h e Colony, a n d c a r r y i n g on t h e business of m i n i n g for a n y m i n e r a l in t h e Colony. A n d duties m a y b e levied, collected, a n d paid u n d e r a n d in accordance w i t h t h e provisions of t h e said A c t s a n d t h e Schedules t h e r e t o in respect of t h e said debts a n d shares, n o t w i t h s t a n d i n g t h a t t h e debts or shares were not, a t t h e t i m e of t h e d e a t h of t h e said person, bona notabilia w i t h i n t h e Colony. (II) P r o v i d e d t h a t n o t h i n g in t h i s section shall render a n y person liable u n d e r section f o r t y - e i g h t of t h e S t a m p D u t i e s A c t of 1880 to a p e n a l t y for t a k i n g possession of or a d m i n i s t e r i n g t h e e s t a t e of a deceased person, w h e r e t h e estate i n c l u d e s n o p r o p e r t y in respect of w h i c h p r o b a t e or letters of a d m i n i s t r a t i o n or a n order to collect m a y be, g r a n t e d i n t h e Colony. 2. (I) D u t i e s shall be levied, collected, a n d paid according to t h e d u t i e s m e n t i o n e d i n Schedule B to t h e S t a m p D u t i e s A c t A m e n d  m e n t A c t of 1886, a n d shall be c h a r g e d a n d c h a r g e a b l e u p o n a n d i n respect of all estate, w h e t h e r real or p e r s o n a l -- (a) W h i c h a n y p e r s o n d y i n g after t h e p a s s i n g of t h i s A c t h a s disposed of, w h e t h e r before or after t h e p a s s i n g of this A c t , b y will, or b y s e t t l e m e n t c o n t a i n i n g a n y t r u s t i n respect of t h a t estate to t a k e effect after his d e a t h , u n d e r a n y a u t h o r i t y e n a b l i n g t h a t person to dispose of t h e same b y will or deed, as t h e case m a y be. (b) T a k e n u n d e r a v o l u n t a r y disposition m a d e after t h e passing of t h i s A c t b y a n y person so d y i n g , p u r p o r t i n g t o o p e r a t e as an i m m e d i a t e conveyance or gift inter vicos, w h e t h e r b y w a y of c o n v e y a n c e , transfer, delivery, declaration of t r u s t or otherwise, w h i c h has n o t b e e n bond fide m a d e twelve m o n t h s before t h e d e a t h of t h a t person, (c) W h i c h a n y person, so dying, h a v i n g b e e n absolutely entitled t h e r e t o , has, before or after t h e p a s s i n g of t h i s A c t , voluntarily

v o l u n t a r i l y caused to be conveyed, transferred to or vested i n himself a n d a n y o t h e r person j o i n t l y , w h e t h e r b y disposi t i o n or otherwise, so t h a t t h e beneficial interest t h e r e i n or i n some p a r t thereof passes or accrues b y survivorship on his d e a t h to t h a t o t h e r person. (d) B e i n g a p u r c h a s e or i n v e s t m e n t b y a n y person, so d y i n g , m a d e e i t h e r by himself alone or i n concert w i t h , or b y a r r a n g e m e n t w i t h a n y o t h e r person, before or after t h e p a s s i n g of t h i s A c t , w i t h p r o p e r t y or t h e proceeds of p r o p e r t y to w h i c h h e was absolutely entitled, in t h e n a m e of himself a n d a n y other p e r s o n j o i n t l y , so t h a t t h e beneficial i n t e r e s t t h e r e i n or in some p a r t thereof passes or accrues b y survivor ship on his d e a t h to t h a t o t h e r p e r s o n . (e) P a s s i n g u n d e r a n y v o l u n t a r y s e t t l e m e n t m a d e before or after t h e passing of t h i s A c t b y a n y person so d y i n g , b y deed or a n y o t h e r i n s t r u m e n t n o t t a k i n g effect as a will, w h e r e b y a n interest i n t h a t p r o p e r t y or t h e proceeds of sale thereof for life or a n y o t h e r period d e t e r m i n a b l e b y reference t o d e a t h is r e s e r v e d cither expressly or b y i m p l i c a t i o n t o t h e settlor, or w h e r e b y t h e settlor m a y h a v e reserved to himself t h e r i g h t , b y t h e exercise of a n y power, t o restore to himself, or to r e c l a i m t h e a b s o l u t e i n t e r e s t i n t h a t p r o p e r t y or t h e proceeds of sale thereof. A n d i n this subsection t h e expression " v o l u n t a r y s e t t l e m e n t " includes a n y t r u s t , w h e t h e r expressed i n w r i t i n g or otherwise, in f a v o u r of a v o l u n t e e r , a n d , if contained i n a deed or o t h e r i n s t r u m e n t effecting t h e s e t t l e m e n t , w h e t h e r t h a t deed or i n s t r u m e n t was m a d e for v a l u a b l e consideration or n o t as b e t w e e n t h e settlor a n d a n y o t h e r person, (II) T h e said duties shall be levied, collected, a n d paid, a n d shall be c h a r g e d a n d c h a r g e a b l e u p o n a n d i n respect of all personal e s t a t e (not b e i n g chattels real) t a k e n u n d e r a n y gift w h e n e v e r m a d e b y a n y person so d y i n g , of w h i c h bond fide possession a n d e n j o y m e n t h a s n o t b e e n a s s u m e d b y t h e donee i m m e d i a t e l y u p o n t h e gift, a n d t h e n c e f o r w a r d r e t a i n e d t o t h e e n t i r e e x c l u s i o n of t h e donor, or of a n y benefit to h i m b y c o n t r a c t or otherwise. 3. (I) W h e r e a n y person, d y i n g after t h e passing of t h i s A c t , w a s a t t h e t i m e of his d e a t h domiciled w i t h i n t h e Colony of N e w S o u t h W a l e s , all debts a c t u a l l y d u e a n d o w i n g b y h i m shall be deducted from his estate. W h e r e t h e person so d y i n g w a s n o t a t t h e t i m e of his death domiciled w i t h i n t h e said Colony, t h e only debts w h i c h m a y be d e d u c t e d from his e s t a t e shall be debts d u e a n d o w i n g to persons resident in t h e said colony, a n d debts secured b y m o r t g a g e , e n c u m  b r a n c e , pledge, or lien, legal or e q u i t a b l e , of or over r e a l or personal estate of t h e said person s i t u a t e i n t h e said Colony. (II) P r o v i d e d t h a t , in a n y case, t h e debts to be d e d u c t e d shall n o t i n c l u d e v o l u n t a r y debts expressed to b e p a y a b l e on the d e a t h of t h e p e r s o n so dying, or p a y a b l e u n d e r a n y i n s t r u m e n t w h i c h h a s n o t been bond fide delivered t o t h e d o n e e thereof t h r e e m o n t h s before t h e d e a t h of t h e said person, or d e b t s i n respect of w h i c h a r e i m b u r s e m e n t m a y be c a p a b l e of b e i n g claimed from a n y o t h e r estate or person, except as t o t h e excess, if a n y , above t h e a m o u n t of the reimbursement claimable. 4. This A c t m a y be cited as t h e " S t a m p D u t i e s A c t s F u r t h e r A m e n d m e n t A c t of 1 8 9 4 . " A n d t h i s A c t a n d t h e A c t s a m e n d e d b y it m a y be t o g e t h e r cited as t h e " S t a m p D u t i e s A c t s 1 8 8 0 - 1 8 9 1 . "

No.

XXI.