Australian Capital Territory
Taxation Administration (Amounts Payable —Duty) Determination 2006 (No 1)
Disallowable Instrument DI2006—109
made under the
Taxation Administration Act 1999, s 139 (Determination of amounts payable under tax laws)

1	Name of Instrument
This instrument is the Taxation Administration (Amounts Payable—Duty) Determination 2006 (No 1).
2	Commencement
This instrument commences on 1 July 2006.
3	Determination of amounts payable—Duties Act, ss 31, 141 and 141A
For the Duties Act 1999, section 31, duty chargeable in relation to a dutiable transaction is at the rate mentioned in column 3 of Table 1 for an item, in relation to the appropriate range of dutiable amounts of dutiable transactions mentioned in the item in column 2 of the table.
For the Duties Act 1999, section 141 and section 141A, duty chargeable in relation to a lease is at the rate mentioned in column 3 of Table 1 for an item, in relation to the appropriate range of dutiable amounts of cost or unencumbered value mentioned for the item in column 2 of the table. 
In Table 1, column 2, dutiable amount—
a)	for a dutiable transaction—means the dutiable value of the dutiable property subject to the transaction; or 
b)	for a lease—means the cost or unencumbered value of a lease.

Table 1.   Determination of amounts payable—Duties Act, ss 31, 141 and 141A 
Column 1	Column 2	Column 3	
Item	Range of dutiable amounts 	Rate of duty	
1	Not more than $100,000	$2 for every $100, or part of $100, of the dutiable amount, or $20, whichever is the greater	
2	More than $100,000 but not more than $200,000	$2,000 plus $3.50 for every $100, or part of $100, by which the dutiable amount exceeds $100,000	
3	More than $200,000 but not more than $300,000 	$5,500 plus $4.00 for every $100, or part of $100, by which the dutiable amount exceeds $200,000	
4	More than $300,000 but not more than $500,000	$9,500 plus $5.50 for every $100, or part of $100, by which the dutiable amount exceeds $300,000 	
5	More than $500,000 but not more than $1,000,000	$20,500 plus $5.75 for every $100, or part of $100, by which the dutiable amount exceeds $500,000	
6	More than $1,000,000	$49,250 plus $6.75 for every $100, or part of $100, by which the dutiable amount exceeds $1,000,000	
4	Determination of amounts payable—Duties Act, various sections
For the purposes of the provision of the Duties Act 1999 mentioned in column 2 of Table 2 for an item, duty chargeable on the relevant amount is at the rate mentioned for the item in column 3 of the table.
In Table 2, relevant amount means, as mentioned in column 3:
dutiable value; or
cost or value; or
total amount of the hiring charges; or
premium; or
sum insured.

Table 2.  Determination of amounts payable—Duties Act, various sections 
Column 1	Column 2	Column 3	
Item	Duties Act 1999	Rate of duty on relevant amount	
1	s 32 (1)	60 cents for every $100, or part of $100, of the dutiable value of the marketable securities	
2	s 33 (1) 	60 cents for every $100, or part of $100, of the dutiable value of the property the subject of the transaction, insofar as it is property to which sections 33 (1) (a) and 33 (1) (b) apply	
3	s 140 	50 cents for every $100, or part of $100, of the cost or value of the lease	
4	s 159 (1)	0.75% of the total amount of the hiring charges of the equipment financing arrangement	
5	s 159 (2)	1.5% of the total amount of the hiring charges of the ordinary hire of goods	
6	s 178 	10% of the amount of the premium paid in relation to a contract of general insurance	
7	s 185 (1)	(a)  $1 on the first $2,000, or part of $2,000, of the sum insured; and
(b)  20 cents for every $200, or part of $200, in excess of the first $2,000 of the sum insured	
8	s 185 (2)	5% of the first year’s premium for the temporary or term insurance policy	
9	s 185 (3)	5% of the first year’s premium for the rider	
10	s 185 (4)	10% of the premium paid to effect the insurance	
11	s 208 (1)	$3 for every $100, or part of $100, of the dutiable value of the motor vehicle	
12	s 208 (2)	$1,350 plus $5 for every $100, or part of $100, of the dutiable value of the motor vehicle in excess of $45,000	

5	Revocation
I revoke disallowable instrument number DI 2003-170 notified on the legislation register on 27 June 2003.

Jon Stanhope MLA
Treasurer
16 June 2006