Document ID: chunk:federal_register_of_legislation:C2004A03388:body:0:p4
Version: federal_register_of_legislation:C2004A03388
Segment Type: other
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Character Range: 7171–9940

be given in respect of the transfer or assignment that exceeds $100,000"; and

    (h) by omitting from column 2 of Item 8 "that is" and substituting ", being a marketable security that, immediately before the date on which the instrument of transfer was executed, was".

Amendments of Schedule 2
5. Schedule 2 to the Principal Act is amended—
    (a) by omitting Item 10;
    (b) by inserting after Item 18b the following Items:
        "18c Crown lease to a non-commercial Commonwealth authority
         18d Crown lease granted to the lessee of a previous Crown lease because of the surrender of the previous Crown lease, where the surrender was in connection with any one or more of the following:
             (a) changing the purpose for which the parcel of land to which the Crown lease relates may be used;
             (b) reducing rent to an amount not exceeding 5 cents per annum;
             (c) granting a single lease in respect of the parcel of land to which the previous Crown lease related and another parcel, or other parcels, of land to which another surrendered Crown lease, or other surrendered Crown leases, related;
             (d) granting separate leases in respect of separate parts of the parcel of land to which the previous Crown lease related;
             (e) changing a covenant requiring the carrying out of works on, or on unleased land adjacent to, the parcel of land to which the Crown lease relates;
             (f) granting a lease of a longer term;
             (g) correcting errors or omissions
         18e Crown lease granted under the Australian Capital Territory Rental Housing Scheme
         18f Transfer or assignment, or an agreement for a transfer or assignment, of a lease by or in the name of the Commonwealth";
    (c) by inserting in paragraph (a) of Item 25 ", or any tax under the Australian Capital Territory Tax (Transfers of Marketable Securities) Act 1986 on the registration of," after "on"; and
    (d) by omitting paragraph (c) of Item 25 and substituting the following paragraph:
        "(c) no stamp duty (whether under this or another Act or under a law of a State or another Territory) was payable on, and no tax under the Australian Capital Territory Tax (Transfers of Marketable Securities) Act 1986 was payable on the registration of, the transfer by which the trustee acquired the marketable security; or".

Application of amendments
6. (1) The amendments made by this Act (other than paragraphs 4 (h) and 5 (c) and (d)) apply, in relation to duty on instruments, as follows:
    (a) in the case of an instrument being a Crown lease—to such an instrument the date of commencement of which specified in the lease is on or after the date of commencement of this sub-section;
    (b) in any other