Stamp and Cheque Duties Act 1971

1: Short Title, commencement, etc
1: This Act may be cited as the Stamp and Cheque Duties Act 1971.
2: This Act shall come into force on 1 January 1972.
3: This Act is hereby declared to be one of the Inland Revenue Acts within the meaning of the Tax Administration Act 1994 Section 1(3) amended 1 April 1995 Income Tax Act 1994
1: Interpretation
2: Interpretation
Section 2 repealed 22 July 2014 section 5(2) Cheque Duty Repeal Act 2014
3: Meaning of the term instrument
Section 3 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
4: Instruments written together, or relating to more than 1 transaction
Section 4 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
5: Meaning of the term executed
Section 5 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
6: Meaning of the term deed
Section 6 repealed 17 March 1988 section 7(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
7: Meaning of the expression instrument of conveyance extended
Section 7 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
8: Meaning of the term lease
Section 8 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
9: Licence under
Sale of Liquor Act 1989 Section 9 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
2: Liability for stamp duty
Part 2 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
10: Stamp duty payable
Section 10 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
11: No stamp duty payable on certain instruments
Section 11 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
12: No stamp duty payable on instruments conveying certain property
Section 12 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
13: No stamp duty payable on instruments of conveyance to certain persons
Section 13 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
14: No stamp duty payable on leases to certain persons
Section 14 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999 Conveyance duty Heading repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
15: Conveyance duty
Section 15 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
16: Conveyance by direction of intermediary
Section 16 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
17: No conveyance duty payable on certain instruments of conveyance
Section 17 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
18: No conveyance duty payable on certain surrenders of leases and conveyances to charities
Section 18 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
19: No conveyance duty on instrument of conveyance executed pursuant to stamped agreement
Section 19 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
20: No conveyance duty payable on more than 1 agreement in respect of the same transaction
Section 20 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
21: No conveyance duty on agreement to convey if the instrument of conveyance executed pursuant to it is duly stamped
Section 21 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
22: No conveyance duty payable on certain declarations of trust
Section 22 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
22A: No conveyance duty payable on instrument of conveyance executed in respect of first home
Section 22A repealed 10 July 1981 section 4(1) Stamp and Cheque Duties Amendment Act 1981
22B: No conveyance duty payable on instrument of conveyance executed in respect of first farm
Section 22B repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
22C: No conveyance duty payable in respect of transactions relating to certain family homes
Section 22C repealed 10 July 1981 section 4(1) Stamp and Cheque Duties Amendment Act 1981
23: Conveyance duty reduced if gift duty paid on conveyance
Section 23 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
24: No conveyance duty payable in respect of conveyance of residential land
Section 24 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
24A: Conveyance duty reduced on instrument of conveyance of dwellinghouse
Section 24A repealed 17 March 1988 section 7(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
25: Agreement to convey on behalf of company to be incorporated
Section 25 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999 Lease duty Heading repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
26: Lease duty
Section 26 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
27: Duty on lease including chattels, timber, minerals, or other property
Section 27 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
28: Lease duty to be computed on goodwill
Section 28 repealed 17 March 1988 section 7(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
29: Duty on instruments increasing rent or other consideration under lease
Section 29 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
30: No lease duty payable on lease executed pursuant to stamped agreement
Section 30 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
31: No lease duty payable on more than 1 agreement to lease in respect of the same transaction
Section 31 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
32: No lease duty payable on agreement to lease if the lease executed pursuant to it is duly stamped
Section 32 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
33: Duty on leases providing for re-determination of rent
Section 33 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
34: Lease duty reduced if gift duty payable on lease
Section 34 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
35: No lease duty payable in respect of lease of residential land
Section 35 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999 Deed duty Heading repealed 17 March 1988 section 6(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
36: Deed duty
Section 36 repealed 17 March 1988 section 6(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
37: No deed duty payable on certain instruments
Section 37 repealed 17 March 1988 section 6(1) Stamp and Cheque Duties Amendment Act (No 2) 1988 Denoting duty Heading repealed 17 March 1988 section 6(2) Stamp and Cheque Duties Amendment Act (No 2) 1988
38: Denoting duty
Section 38 repealed 17 March 1988 section 6(2) Stamp and Cheque Duties Amendment Act (No 2) 1988
39: No denoting duty payable on certain instruments
Section 39 repealed 17 March 1988 section 6(2) Stamp and Cheque Duties Amendment Act (No 2) 1988
3: Valuation
Part 3 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
40: Value of property as at date instrument executed
Section 40 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
41: Valuation not to be less than value expressed in instrument
Section 41 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
42: Valuation of land
Section 42 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
43: Objections to special valuations of land
Section 43 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
44: Valuing shares
Section 44 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
45: Valuing property subject to a mortgage
Section 45 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
46: Apportionment of value
Section 46 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
47: Valuation of consideration
Section 47 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
48: Valuation by Commissioner
Section 48 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
4: Assessment and collection of stamp duty
Part 4 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
49: Presentation for stamping
Section 49 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
50: Time for presentation
Section 50 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
51: Stamping otherwise than by presentation
Section 51 repealed 17 March 1988 section 7(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
51A: Composition by
New Zealand Stock Exchange Section 51A repealed 17 March 1988 section 7(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
52: Right of Commissioner to hold and impound instruments
Section 52 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
53: Requirement that instrument be presented for stamping
Section 53 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
54: Determination of liability for stamp duty
Section 54 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
55: Notice of assessment
Section 55 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
56: Assessment conclusive
Section 56 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
57: Penalty for late presentation
Section 57 repealed 26 July 1996 section 7 Stamp and Cheque Duties Amendment Act 1996
58: Due date for payment of stamp duty
Section 58 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
59: Penalty proportionately reduced on reduction of duty
Section 59 repealed 26 July 1996 section 9 Stamp and Cheque Duties Amendment Act 1996
60: Remission of penalties
Section 60 repealed 26 July 1996 section 10 Stamp and Cheque Duties Amendment Act 1996
61: Determination that instrument not liable denoted by impressed stamp
Section 61 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
62: Payment of stamp duty denoted by impressed stamp
Section 62 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
63: Payment of penalty denoted by impressed stamp
Section 63 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
64: Use of prescribed stamp on certain instruments
Section 64 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
65: Stamp duty constitutes a debt to the Crown
Section 65 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
66: Persons liable for stamp duty
Section 66 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
67: Refund of duty on revaluation of consideration in accordance with the outcome of a contingency
Section 67 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
68: Refund of duty or penalty on application
Section 68 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
69: Unstamped instruments inadmissible in evidence
Section 69 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
70: Unstamped instruments ineligible for registration
Section 70 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
71: Refunds payable out of
Crown Bank Account Section 71 repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
71A: Application of
Parts 4A and 8A of Tax Administration Act 1994 Section 71A repealed 20 May 1999 section 6 Stamp Duty Abolition Act 1999
5: Objections to assessments
Part 5 repealed 1 October 1996 section 14(1) Stamp and Cheque Duties Amendment Act 1996
72: Objections to assessments
Section 72 repealed 1 October 1996 section 14(1) Stamp and Cheque Duties Amendment Act 1996
73: Commissioner may alter assessment, or objection may be submitted to Taxation Review Authority Section 73 repealed 1 October 1996 section 14(1) Stamp and Cheque Duties Amendment Act 1996
74: When objection may be referred in first instance to High Court Section 74 repealed 1 October 1996 section 14(1) Stamp and Cheque Duties Amendment Act 1996
74A: Test case procedure
Section 74A repealed 1 October 1996 section 14(1) Stamp and Cheque Duties Amendment Act 1996
75: Removal of case into Court of Appeal
Section 75 repealed 1 October 1996 section 14(1) Stamp and Cheque Duties Amendment Act 1996
6: Cheque duty
76: Interpretation
Section 76 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
77: Cheque duty payable
Section 77 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
78: Rates of cheque duty
Section 78 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
79: No cheque duty payable on certain bills
Section 79 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
80: Exemption from cheque duty by agreement
Section 80 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
81: Cheque duty payable by licensed banks
Section 81 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
82: Cheque duty payable by licensed printers
Section 82 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
83: Cheque duty payable by other licensees
Section 83 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
84: Cheque duty payable otherwise than under a licence
Section 84 repealed 1 July 2014 section 3(1) Cheque Duty Repeal Act 2014
85: Refund of cheque duty
Section 85 repealed 22 July 2014 section 5(2) Cheque Duty Repeal Act 2014
86: Refunds payable out of Crown Bank Account
Section 86 repealed 22 July 2014 section 5(2) Cheque Duty Repeal Act 2014
6A: Credit card transaction duty
Part 6A repealed 1 April 1998 section 56(1) Taxation (Remedial Provisions) Act 1998
86A: Interpretation
Section 86A repealed 1 April 1998 section 56(1) Taxation (Remedial Provisions) Act 1998
86B: Credit card transaction duty payable
Section 86B repealed 1 April 1998 section 56(1) Taxation (Remedial Provisions) Act 1998
86C: Rate of credit card transaction duty
Section 86C repealed 1 April 1998 section 56(1) Taxation (Remedial Provisions) Act 1998
86D: Payment of credit card transaction duty
Section 86D repealed 1 April 1998 section 56(1) Taxation (Remedial Provisions) Act 1998
86E: Interest on unpaid credit card transaction duty
Section 86E repealed 26 July 1996 section 20 Stamp and Cheque Duties Amendment Act 1996
6B: Approved issuer levy
Part 6B inserted 1 August 1991 Stamp and Cheque Duties Amendment Act (No 2) 1991
86F: Interpretation
In this Part, unless the context otherwise requires,— approved issuer section YA 1 approved issuer levy section 86J Commissioner Tax Administration Act 1994 interest paragraphs (a) and (b) of the definition of interest in section YA 1 leviable value money lent section YA 1 of the Income Tax Act 2007 money lending paid payment paragraph (a) section YA 1 registered security
a: at any time any transaction involving money lent to an approved issuer that is—
i: registered by the Commissioner under section 86H
ii: one of a class of transactions so registered; or
b: a transaction involving money lent to an approved issuer that is treated by the Commissioner as a registered security because the approved issuer has paid interest under the transaction, and—
i: the transaction is a notional loan under section FG 2 section RF 3
ii: an amount of the interest was apportioned to a New Zealand source under section YD 5(4) section RF 3 Section 86F inserted 1 August 1991 Stamp and Cheque Duties Amendment Act (No 2) 1991 Section 86F approved issuer amended 1 April 2008 section ZA 2(1) Income Tax Act 2007 Section 86F Commissioner inserted 22 July 2014 section 5(3) Cheque Duty Repeal Act 2014 Section 86F interest amended 1 April 2008 section ZA 2(1) Income Tax Act 2007 Section 86F money lent amended 1 April 2008 section ZA 2(1) Income Tax Act 2007 Section 86F paid payment amended 6 October 2009 section 858(2) Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 Section 86F paid payment amended 6 October 2009 section 858(1) Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 Section 86F paid payment amended 1 April 2005 section YA 2 Income Tax Act 2004 Section 86F registered security replaced 30 March 2017 section 373 Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017
86G: Application to register securities
Any approved issuer may apply to the Commissioner, in writing and in such form as the Commissioner may approve, for registration of—
a: any transaction involving money lent to that approved issuer; or
b: any class of transactions involving money lent to that approved issuer— as a registered security or registered securities for the purposes of this Part. Section 86G inserted 1 August 1991 Stamp and Cheque Duties Amendment Act (No 2) 1991
86GB: Treatment of approved issuer levy when prepayments or transfer pricing adjustment made
1: A person may apply to the Commissioner for a refund of an amount of approved issuer levy if and to the extent to which—
a: the levy is, or has been, paid by a person in relation to an amount that is treated as paid under section RZ 13(2)
b: a reduction in the interest payable, or an amount treated as interest under section FG 3 section GC 7
2: The person may ask the Commissioner to apply some or all of the amount of a refund under this section to satisfy, or partly satisfy, a liability under the Inland Revenue Acts. Section 86GB inserted 30 March 2017 section 374 Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017
86H: Registration of securities by Commissioner
1: Where—
a: the Commissioner has received from any approved issuer any duly completed application for registration in accordance with section 86G
b: except in any case where the Government of New Zealand is the approved issuer, the Commissioner is satisfied that the money lent or to be lent under the transaction or class of transactions in respect of which registration is sought was or is to be lent on or after 1 August 1991,— the Commissioner shall, within 20 working days after receipt of the application and by notice in writing,—
c: register the relevant transaction or class of transactions for the purposes of this Part; and
d: notify the approved issuer of that registration.
2: Registration of any transaction or class of transactions under this section shall take effect from the date upon which the Commissioner received the duly completed application for registration made by the approved issuer in accordance with section 86G Section 86H inserted 1 August 1991 Stamp and Cheque Duties Amendment Act (No 2) 1991
86I: Application of approved issuer levy and zero-rating
1: For the purposes of the NRWT rules of the Income Tax Act 2007 section 86J
a: and to the extent that, payment is made by or on behalf of the approved issuer of approved issuer levy on the leviable value of the registered security at the time of the payment of interest—
i: at the rate specified in section 86J
ii: by the date specified in either section 86K 86KA Part 7 9
b: the registered security meets the requirements of section 86IB
i: showing the details prescribed by the Commissioner under section 86K(2)
ii: by the time that would be required by section 86K(1)﻿(b)
2: For the purposes of section 86G subpart FG section FG 3
a: the payment is treated as made by an approved issuer; and
b: the notional loan referred to in section FG 2(1) Section 86I replaced 7 May 2012 section 149 Taxation (International Investment and Remedial Matters) Act 2012 Section 86I(1) amended 17 July 2013 section 149 Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 Section 86I(2) inserted 1 April 2017 section 375 Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017
86IB: Zero rate of approved issuer levy—requirements for securities
1: A registered security meets the requirements of this section if—
a: the security is denominated in New Zealand dollars; and
b: the issue of the security—
i: was under a regulated offer for the purposes of the Financial Markets Conduct Act 2013 clause 19 21(b) Securities Act 1978
ii: was not a private placement; and
c: the security is not an asset-backed security; and
d: the activities of the registrar and the paying agent for the security are carried on through a fixed establishment in New Zealand; and
e: the security—
i: is quoted on a licensed market (within the meaning of section 6(1)
ii: is one of a number of securities meeting the requirements of subsection (2) that are traded in a market bringing together buyers and sellers of such securities.
2: A security meets the requirements of this subsection if, at or before the time of the payment of interest referred to in section 86I
a: the security is one of a number of identical debt securities (the class of securities
b: the group of persons who each hold a security included in the class of securities consists of 100 or more persons; and
c: the issuer of the class of securities has reasonable grounds for expecting that each of 100 or more persons in the group—
i: is not associated with the issuer except by being a beneficiary of a trust established for the main purpose of protecting and enforcing beneficiaries' rights under the class of securities; and
ii: is not associated with another member of the group; and
iii: is not part of an arrangement intended to temporarily increase the number of persons in the group; and
d: no person or group of associated persons holds more than 10% by value of the class of securities. Section 86IB inserted 7 May 2012 section 149 Taxation (International Investment and Remedial Matters) Act 2012 Section 86IB(1)﻿(b)﻿(i) replaced 1 December 2014 section 150 Financial Markets (Repeals and Amendments) Act 2013 Section 86IB(1)﻿(b)﻿(i) amended 30 March 2017 section 376 Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 Section 86IB(1)﻿(e)﻿(i) replaced 1 December 2014 section 150 Financial Markets (Repeals and Amendments) Act 2013
86IC: When payment of approved issuer levy compulsory
An approved issuer must pay approved issuer levy if they pay interest under a transaction, and—
a: the transaction is a notional loan under section FG 2 section RF 3
b: an amount of the interest was apportioned to a New Zealand source under section YD 5(4) section RF 3 Section 86IC inserted 30 March 2017 section 377 Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017
86J: Approved issuer levy
Approved issuer levy shall be computed in respect of any registered security at any time at the rate of 2 cents for every $1 of the leviable value of the registered security at that time. Section 86J inserted 1 August 1991 Stamp and Cheque Duties Amendment Act (No 2) 1991
86K: Payment of approved issuer levy
1: Any approved issuer or person on behalf of an approved issuer
a: the 14th day of the following month, where the levy is paid in relation to payments of interest made before 1 June 1992:
b: the 20th day of the following month, where the levy is paid in relation to payments of interest made on or after 1 June 1992.
2: Any payment by a person of approved issuer levy shall be accompanied by a statement in such form as the Commissioner may approve showing such particulars as the Commissioner may prescribe in relation to—
a: the payments of interest in respect of which the levy is paid:
b: the approved issuer or issuers of the registered security or securities in respect of which the payments of interest were made:
c: the registered security or securities in respect of which the payments of interest were made:
d: the computation of the amount of approved issuer levy. Section 86K inserted 1 August 1991 Stamp and Cheque Duties Amendment Act (No 2) 1991 Section 86K(1) amended 27 March 2001 section 73(1) Taxation (Beneficiary Income of Minors, Services-Related Payments and Remedial Matters) Act 2001
86KA: Payment of approved issuer levy in instalments
1: If, for a tax year
2: The first instalment is—
a: the total of all approved issuer levy payments required by or on behalf of an approved issuer during the period 1 April to 30 September (both dates inclusive); and
b: due and payable on 20 October of the year.
3: The second instalment is—
a: the total of all approved issuer levy payments required by or on behalf of an approved issuer during the period 1 October to 31 March (both dates inclusive); and
b: due and payable on 20 April of the following year.
4: If the $500 total is reached at any time during a tax year
a: pay to the Commissioner all approved issuer levy payments owed by the person for the period from the beginning of the year until the end of the month in which the $500 total is reached:
b: pay the amount required by paragraph (a)
c: pay approved issuer levy payments for the rest of the year in accordance with section 86K(1)﻿(b)
5: If a person is no longer required to pay the approved issuer levy, the person must—
a: pay to the Commissioner all approved issuer levy payments due and not paid:
b: pay the amount required by paragraph (a)
6: Payments made in accordance with this section must be accompanied by a statement that meets the requirements of section 86K(2) Section 86KA inserted 27 March 2001 section 74(1) Taxation (Beneficiary Income of Minors, Services-Related Payments and Remedial Matters) Act 2001 Section 86KA(1) amended 1 April 2005 section YA 2 Income Tax Act 2004 Section 86KA(4) amended 1 April 2005 section YA 2 Income Tax Act 2004
86L: Refund of levy paid in error or in excess
1: Where, at any time within 4 years
1A: A refund under subsection (1) must be made in accordance with the requirements of section 184A
2: For the purposes of the NRWT rules of the Income Tax Act 2007
3: All money payable by the Commissioner under this section by way of refund of levy shall be paid without further appropriation than this section. Section 86L inserted 1 August 1991 Stamp and Cheque Duties Amendment Act (No 2) 1991 Section 86L(1) amended 17 July 2013 section 150 Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 Section 86L(1A) inserted 7 October 1998 section 83(1) Taxation (Simplification and Other Remedial Matters) Act 1998 Section 86L(2) replaced 21 December 2010 section 183 Taxation (GST and Remedial Matters) Act 2010
86M: Relief in cases of serious hardship
Section 86M repealed 27 March 2001 section 75(1) Taxation (Beneficiary Income of Minors, Services-Related Payments and Remedial Matters) Act 2001
86N: Offence to give false information
Section 86N repealed 26 July 1996 section 21 Stamp and Cheque Duties Amendment Act 1996
7: Miscellaneous offences
Part 7 repealed 20 May 1999 Stamp Duty Abolition Act 1999
87: Time for laying informations
Section 87 repealed 26 July 1996 section 22(1) Stamp and Cheque Duties Amendment Act 1996
88: Offence to defraud Crown of duty or penalty payable under this Act
Section 88 repealed 26 July 1996 section 22(1) Stamp and Cheque Duties Amendment Act 1996
89: Offence to give false information
Section 89 repealed 26 July 1996 section 22(1) Stamp and Cheque Duties Amendment Act 1996
90: Offence to issue certain shares unless pursuant to duly stamped instrument of nomination
Section 90 repealed 20 May 1999 Stamp Duty Abolition Act 1999
91: Offence to execute instrument of conveyance of shares unless transferee's name entered in instrument
Section 91 repealed 20 May 1999 Stamp Duty Abolition Act 1999
92: Offence for sharebroker not to send particulars of shares sold without instrument of transfer
Section 92 repealed 17 March 1988 section 7(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
92A: Offence to stamp instrument otherwise than by presentation except in certain cases
Section 92A repealed 26 July 1996 section 22(1) Stamp and Cheque Duties Amendment Act 1996
93: Principal officers of companies committing offences
Section 93 repealed 26 July 1996 section 22(1) Stamp and Cheque Duties Amendment Act 1996
94: Printing unauthorised inscriptions on bills of exchange
Section 94 repealed 26 July 1996 section 22(1) Stamp and Cheque Duties Amendment Act 1996
8: Miscellaneous provisions
95: Evidence inconsistent with instrument not admissible to reduce stamp duty
Section 95 repealed 26 July 1996 section 23 Stamp and Cheque Duties Amendment Act 1996
96: Sharebroker may recover duty from purchaser of shares
Section 96 repealed 17 March 1988 section 7(1) Stamp and Cheque Duties Amendment Act (No 2) 1988
97: Giving notices
Section 97 repealed 1 April 1981 Inland Revenue Department Amendment Act 1980
98: Duty recoverable by Commissioner in official name
Section 98 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
99: Duty paid under repealed Act
Section 99 repealed 20 May 1999 section 5 Stamp Duty Abolition Act 1999
99A: Application of Part 9 of Tax Administration Act 1994
Part 9 Section 99A inserted 26 July 1996 section 24 Stamp and Cheque Duties Amendment Act 1996
100: Consequential amendments
The enactments specified in Schedule 2
101: Repeals and revocations
1: The enactments specified in Schedule 3
2: The following regulations are hereby revoked—
a: the National Expenditure Adjustment (Stamp Duty) Regulations 1932
b:
c:
d: the Emergency Forces Stamp Duty Regulations 1951:
e: the Stamp Duties Regulations 1967. Section 101(2)﻿(b) repealed 1 August 1991 section 2(1) Rehabilitation Act Repeal Act 1991 Section 101(2)﻿(c) repealed 1 August 1991 section 2(1) Rehabilitation Act Repeal Act 1991