AUSTRALIAN CAPITAL TERRITORY

Duties Amendment Act 2000 (No 2)
No 30 of 2000

An Act to amend the Duties Act 1999
[Notified in ACT Gazette S33: 6 July  2000]
	The Legislative Assembly for the Australian Capital Territory enacts as follows:
1 	Name of Act
	This Act is the Duties Amendment Act 2000 (No 2).
2 	Commencement
	This Act commences, or is taken to have commenced, on 1 July 2000.
Note 	The provisions of an Act providing for its name and commencement automatically commence on the date of notification of the Act (see Interpretation Act 1967, s 10B).
3 	Act amended
	This Act amends the Duties Act 1999.
4 	Establishment of a trust relating to unidentifiable property and non-dutiable property
	Section 59 is amended—
	(a)	by inserting after subsection (1) the following subsection:
“(1A)  Despite subsection (1), duty of $20 only is chargeable in respect of an instrument mentioned in that subsection that is executed by a hospital, school or charitable organisation, or by trustees in trust for a hospital, school or charitable organisation.”; and
	(b)	by inserting after subsection (2) the following subsection:
“(2A)  Despite subsection (2), duty of $20 only is chargeable in respect of an instrument mentioned in that subsection that is executed by a hospital, school or charitable organisation, or by trustees in trust for a hospital, school or charitable organisation.”.
5 	Transfer of property from one superannuation fund to another
	Section 62 is amended—
	(a)	by omitting from subsection (2) “subsection (3)” and substituting “subsections (3) and (3A)”; and
	(b)	by inserting after subsection (3) the following subsection:
“(3A)	  Duty of $20 only is chargeable on a transfer to which this section applies from 1 superannuation fund established for the benefit of the employees of a hospital, school or charitable organisation to another superannuation fund established for the benefit of the employees of the same hospital, school or charitable organisation.”.
6 	Transfers to trustees or custodians of superannuation funds or trusts
	Section 63 is amended by adding at the end the following subsection:
“(4) 	Despite subsection (3), duty of $20 only is chargeable on a dutiable transaction to which this section applies if the relevant fund or trust is established for the benefit of the employees of a hospital, school or charitable organisation.”.

Endnote
Act amended
1	Act 1999 No 7 (not republished).  See Also Act 1999 No 79; SL 2000 No 15; Act 2000 No 5.

[Presentation speech made in Assembly on 25 May 2000]

©  Australian Capital Territory 2000