Document ID: chunk:federal_register_of_legislation:C2023C00417:section:56:p1
Version: federal_register_of_legislation:C2023C00417
Segment Type: section
Provision Reference: s 56 (pt 1/2)
Character Range: 98355–100938

56  Exemption from stamp duty—transfer by the Commonwealth of its shares in NBN Co etc.
 (1) In this section:
designated matter means any of the following matters, where the matter relates to the entering into or carrying out of an NBN Co sale scheme:
 (a) the transfer by the Commonwealth of:
 (i) a share in NBN Co 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 NBN Co 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 NBN Co's share capital;
 (h) the cancellation of a particular parcel of shares in NBN Co held by the Commonwealth;
 (i) NBN Co buying back shares in itself;
 (j) the issue of securities in NBN Co;
 (k) the redemption of redeemable preference shares in NBN Co held by the Commonwealth;
 (l) the issue of sale‑scheme hybrid securities;
 (m) 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;
 (n) 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;
 (o) the redemption, exchange or conversion of sale‑scheme hybrid securities;
 (p) the transfer by a hybrid‑security issuer company of a share in NBN Co held by the company;
 (q) the grant of a charge, pledge or lien (whether in connection with sale‑scheme hybrid securities or otherwise);
 (r) an agreement relating to a matter covered by paragraph (c), (f), (g), (h), (i), (j), (k), (l), (m), (n), (o), (p) or (q);
 (s) an agreement of the kind known as a securities lending arrangement, where the securities lending arrangement relates to shares in NBN Co;
 (t) any other matter that is specified in the regulations.
interest in a share has the meaning given by section 75.
transfer, in relation to an interest in a share, includes the creation of the interest.
 (2) Stamp duty or other tax is not payable under a law of a State or Territory in