Document ID: chunk:federal_register_of_legislation:C2024C00549:section:8ak:p1
Version: federal_register_of_legislation:C2024C00549
Segment Type: section
Provision Reference: s 8AK (pt 1/2)
Character Range: 29922–32620

8AK  Exemption from stamp duty—transfer by the Commonwealth of its shares in Telstra etc.
 (1) In this section:
charge has the same meaning as in the Corporations Act 2001.
designated matter means any of the following matters, where the matter relates to the entering into or carrying out of a Telstra sale scheme:
 (a) the transfer by the Commonwealth of:
 (i) a share in Telstra held by the Commonwealth; or
 (ii) an interest in such a share;
 (b) an agreement relating to a transfer covered by paragraph (a);
 (c) the receipt of money by the Commonwealth, or by a person acting on behalf of the Commonwealth, in respect of a transfer covered by paragraph (a);
 (d) the transfer by the sale‑scheme trustee of:
 (i) a share in Telstra held by the trustee; or
 (ii) an interest in such a share;
  where the transfer is in accordance with the sale‑scheme trust deed;
 (e) an agreement relating to a transfer covered by paragraph (d);
 (f) the receipt of money by the sale‑scheme trustee, or by a person acting on behalf of the sale‑scheme trustee, in respect of a transfer covered by paragraph (d);
 (g) the reduction of Telstra's share capital;
 (h) the cancellation of a particular parcel of shares in Telstra held by the Commonwealth;
 (i) Telstra buying back shares in itself;
 (j) the issue of securities in Telstra;
 (k) the redemption of redeemable preference shares in Telstra held by the Commonwealth;
 (ka) the issue of sale‑scheme hybrid securities;
 (kb) the receipt of money by the Commonwealth, or by a person acting on behalf of the Commonwealth, in respect of the issue of sale‑scheme hybrid securities;
 (kc) the receipt of money by a hybrid‑security issuer company, or by a person acting on behalf of a hybrid‑security issuer company, in respect of the issue of sale‑scheme hybrid securities;
 (kd) the redemption, exchange or conversion of sale‑scheme hybrid securities;
 (ke) the transfer by a hybrid‑security issuer company of a share in Telstra held by the company;
 (kf) the grant of a charge, pledge or lien (whether in connection with sale‑scheme hybrid securities or otherwise);
 (kg) an agreement relating to a matter covered by paragraph (c), (f), (g), (h), (i), (j), (k), (ka), (kb), (kc), (kd), (ke) or (kf);
 (kh) an agreement of the kind known as a securities lending arrangement, where the securities lending arrangement relates to shares in Telstra;
 (l) any other matter that is specified in the regulations.
interest in a share has the same meaning as it has for the purposes of Part 2A.
securities includes:
 (a) shares; and
 (b) debentures (within the meaning of the Corporations Act 2001).
transfer, in relation to an interest in a share, includes the creation