{"id":"tas:sr-2008-011","name":"Duties (Recognised Stock Exchange) Order 2008","slug":"duties-recognised-stock-exchange-order-2008","collection":"regulation","jurisdiction":"tas","status":"in_force","isInForce":true,"actNumber":"11 of 2008","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":315542,"registerId":"tas-tas:sr-2008-011-current","compilationNumber":null,"startDate":"2026-04-08","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Short title","content":"### 1 Short title\n\n> This order may be cited as the [Duties (Recognised Stock Exchange) Order 2008](/view/html/inforce/2026-04-12/sr-2008-011) .","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"### 2 Commencement\n\n> This order takes effect on the day on which its making is notified in the *Gazette*.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Recognised stock exchange","content":"### 3 Recognised stock exchange\n\n> The National Stock Exchange of Australia Limited (ABN 11 000 902 063) is declared to be a recognised stock exchange for the purpose of the [Duties Act 2001](/view/html/inforce/2026-04-12/act-2001-015) .\n\nDisplayed and numbered in accordance with the *[Rules Publication Act 1953](/view/html/inforce/current/act-1953-050)*.\n\nNotified in the *Gazette* on 27 February 2008\n\nThis order is administered in the Department of Treasury and Finance.","sortOrder":2}],"analysis":{"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The Order’s sole operative effect is to declare the named body a recognised stock exchange for the Duties Act (s3) and to commence on Gazette notification (s2). It does not itself amend the Duties Act, set duty rates, or create new charging mechanisms; any change in who is subject to particular duty treatments flows from applying the Duties Act to the newly recognised exchange."},"complexity_factors":["Single, short operative provision (s3) declaring one entity as a recognised exchange — low textual complexity.","Cross-reference to the Duties Act 2001: substantive legal effects require reading that external statute.","Commencement tied to Gazette notification (s2) — simple administrative timing rule.","Precise corporate identification by ABN reduces ambiguity about the entity covered.","No procedural rules, definitions, or discretion-granting clauses in the instrument itself.","Administration allocated to the Department of Treasury and Finance — limited implementation detail in the Order."],"plain_english_summary":"This Order (s3) declares the National Stock Exchange of Australia Limited (ABN 11 000 902 063) to be a \"recognised stock exchange\" for the purposes of the Duties Act 2001 and takes effect when its making is notified in the Gazette (s2). It is administered by the Department of Treasury and Finance.\n\nMechanically, that declaration makes the Duties Act’s rules about recognised exchanges apply to dealings on that exchange, which may change how duties are assessed for participants; the Order does not set duty rates itself."},"summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The order appears to have remained unchanged since its commencement on 27 February 2008, with no substantive amendments indicated. Its scope is narrow and consistent with its original purpose of designating recognised stock exchanges for duty purposes."},"complexity_factors":["Very short and narrow in scope — essentially a definitional/list instrument rather than substantive legislation","Operates by reference to a parent Act (the Duties Act), so understanding its effect requires familiarity with that broader legislation","Technical financial/legal terminology (e.g. 'recognised stock exchange', 'stamp duty') may be unfamiliar to laypeople","Limited text available for analysis — the substantive content of the order (i.e. which exchanges are listed) is not reproduced in the provided extract"],"plain_english_summary":"This order names specific stock exchanges as \"recognised stock exchanges\" under Tasmania’s Duties Act, so share transactions on those markets receive the favourable stamp‑duty treatment (exemption or reduction) that unlisted transfers do not.\n\nThat designation gives legal certainty to investors, businesses with publicly traded shares, and their lawyers and accountants about which share purchases in Tasmania are stamp‑duty‑free."},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This legislation serves exactly its original purpose: to recognise a specific stock exchange for stamp duty purposes. It has not expanded beyond this narrow, technical function."},"complexity_factors":["Extremely short — only 3 operative sections","No defined terms (relies entirely on definitions in the parent Duties Act 2001)","No conditional logic, exceptions, or cross-references beyond the single reference to the parent Act","Single substantive provision: a straightforward declaration with one named entity and ABN","No procedural requirements, time limits, or administrative mechanisms"],"plain_english_summary":"This is a short, technical order that officially recognises the National Stock Exchange of Australia as a 'recognised stock exchange' under Tasmanian law.\n\n**What it does:**\n- Declares that the National Stock Exchange of Australia Limited (a small stock exchange based in Newcastle, NSW) counts as a 'recognised stock exchange' for the purposes of Tasmania's Duties Act 2001.\n\n**Why this matters:**\n- Under stamp duty law, transactions involving recognised stock exchanges often get special treatment — for example, transfers of certain securities or marketable securities may be exempt from duty or taxed differently.\n- Without this recognition, transactions on this particular exchange might not qualify for those stamp duty concessions.\n\n**Who it affects:**\n- Investors and companies using the National Stock Exchange of Australia for trading securities in Tasmania.\n- The exchange itself, which needs this status to compete with larger exchanges (like ASX) on a level playing field for tax purposes.\n\n**Key point:** This is essentially a housekeeping measure — adding a specific stock exchange to an approved list so that its users can access standard tax treatments available to other recognised exchanges."},"issue_detection":{"absurdities":[],"contradictions":[]}},"importantCases":[],"_links":{"self":"/api/acts/duties-recognised-stock-exchange-order-2008","history":"/api/acts/duties-recognised-stock-exchange-order-2008/history","analysis":"/api/acts/duties-recognised-stock-exchange-order-2008/analysis","conflicts":"/api/acts/duties-recognised-stock-exchange-order-2008/conflicts","importantCases":"/api/acts/duties-recognised-stock-exchange-order-2008/important-cases","documents":"/api/acts/duties-recognised-stock-exchange-order-2008/documents"}}