Document ID: chunk:federal_register_of_legislation:C2004C00908:clause:1_67as:p1
Version: federal_register_of_legislation:C2004C00908
Segment Type: clause
Provision Reference: sch 1 cl 67AS (pt 1/2)
Character Range: 22321–24854

67AS  Exemption from stamp duty and other taxes

 (1) Subject to subsection (2), stamp duty or other tax is not payable under a law of the Commonwealth, a State or a Territory in respect of:
 (a) an exempt matter; or
 (b) anything done (including a transaction entered into or an instrument made, executed, lodged or given) because of, or for a purpose connected with or arising out of, an exempt matter.

 (2) The Minister for Finance may, by written notice, declare that subsection (1) does not apply in respect of a specified exempt matter.

 (3) A declaration under subsection (2) has effect accordingly.

 (4) In this section:

exempt matter means:
 (a) the sale or transfer by the Commission of an asset in accordance with a direction under section 67AD; or
 (b) an agreement relating to a sale or transfer covered by paragraph (a); or
 (c) the receipt of money by the Commission, or by a person acting on behalf of the Commission, in respect of a sale or transfer covered by paragraph (a); or
 (d) a transfer under section 67AE, 67AF or 67AG; or
 (e) an agreement relating to a transfer covered by paragraph (d); or
 (f) the receipt of money by the Commission, or by a person acting on behalf of the Commission, in respect of a transfer covered by paragraph (d); or
 (g) the entering into of a contract by the Commission under section 67AK or in accordance with a direction under section 67AL; or
 (h) the receipt of money by the Commission, or by a person acting on behalf of the Commission, in respect of a contract covered by paragraph (g); or
 (i) a transfer under section 67AM, 67AN or 67AP; or
 (j) an agreement relating to a transfer covered by paragraph (i); or
 (k) 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 (i); or
 (l) the sale or transfer by the Commonwealth of an asset that has vested in the Commonwealth under section 67AE; or
 (m) an agreement relating to a sale or transfer covered by paragraph (l); or
 (n) the receipt of money by the Commonwealth, or by a person acting on behalf of the Commonwealth, in respect of a sale or transfer covered by paragraph (l); or
 (o) the entering into of a contract by the Minister for Finance for the sale of shares referred to in section 67AZN; or
 (p) the receipt of money by the Minister for Finance, or by a person acting on behalf of the Minister for Finance, in respect of a contract covered by paragraph (o).

Division 7—Commonwealth takeover of contractual rights