Document ID: chunk:federal_register_of_legislation:C2025C00024:section:24
Version: federal_register_of_legislation:C2025C00024
Segment Type: section
Provision Reference: s 24
Character Range: 18934–20325

24  Exemption from stamp duty etc.
 (1) No stamp duty or other tax is payable under a law of a State or Territory in respect of an exempt matter, or anything connected with an exempt matter.
 (2) The Minister may certify in writing:
 (a) that a specified matter is an exempt matter; or
 (b) that a specified thing was done in connection with a specified exempt matter.
 (3) In all courts, and for all purposes, a certificate under subsection (2) is evidence of the matter stated in the certificate.
 (4) In this section:
exempt matter means any of the following:
 (a) the registration of HoldCo as a Corporations Law company;
 (b) the issue of shares to a person under section 21;
 (c) the issue of shares to a person in accordance with HoldCo's constitution, where the issue is certified under section 36;
 (d) any of the following things that happens during the restructuring period and is certified by the Minister under section 36:
 (i) the transfer of an asset or liability between 2 restructuring bodies;
 (ii) the operation of Division 3 in relation to particular assets, liabilities or contracts;
 (iii) the transfer by HoldCo, to a shareholder in HoldCo, of any of HoldCo's shares in a subsidiary;
 (iv) the issue of shares by a subsidiary of HoldCo to a shareholder in HoldCo;
 (v) the cancellation of shares in HoldCo (whether by buy‑back, capital reduction or any other means).