{"id":"tas:sr-2012-062","name":"Duties (Recognised Stock Exchange) Order 2012","slug":"duties-recognised-stock-exchange-order-2012","collection":"regulation","jurisdiction":"tas","status":"in_force","isInForce":true,"actNumber":"62 of 2012","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":314298,"registerId":"tas-tas:sr-2012-062-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 2012](/view/html/inforce/2026-04-12/sr-2012-062) .","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 New Zealand Stock Exchange (NZX) 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 18 July 2012\n\nThis order is administered in the Department of Treasury and Finance.","sortOrder":2}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This order performs exactly the narrow, technical function it was designed for: recognising a specific foreign stock exchange. There is no scope creep or expansion beyond the original purpose."},"complexity_factors":["Only 3 operative sections","Zero defined terms","No cross-references to other legislation beyond naming the parent Act","No conditional logic or exceptions","Single substantive provision (section 3) containing one declaratory sentence","Total length under 100 words of operative text"],"plain_english_summary":"This is a very short legal order that officially recognises the New Zealand Stock Exchange (NZX) as a 'recognised stock exchange' under Tasmanian law.\n\n**What it does:**\n- Declares that the NZX counts as a recognised stock exchange for the purposes of Tasmania's Duties Act 2001\n\n**Who it affects:**\n- Anyone in Tasmania dealing with shares or securities listed on the NZX\n- Investors, brokers, and companies involved in cross-Tasman share transactions\n\n**Why it matters:**\n- Being a 'recognised stock exchange' means transactions involving NZX-listed shares get treated the same way as transactions on Australian exchanges for stamp duty and other tax purposes\n- This prevents double taxation or disadvantageous tax treatment when Tasmanians invest in New Zealand shares\n- It facilitates smoother financial integration between Tasmania and New Zealand"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"The order expands the scope of the Duties Act's recognised-exchange treatment by adding the New Zealand Stock Exchange (s3). The change is narrow and mechanical: it alters which exchange-based transactions are captured by the Duties Act but does not add conditions, carve-outs, or procedural rules within this instrument."},"complexity_factors":["Single substantive provision (s3): the instrument's only operative change is to declare NZX a recognised stock exchange.","Simple commencement rule (s2): takes effect on Gazette notification — no transitional or phased implementation.","No procedural or substantive conditions attached: no tests, exemptions, or administrative discretion created within the order itself.","Relies on cross-reference to Duties Act 2001: interpretive complexity and substantive effect rest with the Duties Act rather than this order.","Limited affected population and compliance burden: parties active on NZX are the primary group whose duty treatment may change; administration allocated to Department of Treasury and Finance (instrument note)."],"plain_english_summary":"This Order declares the New Zealand Stock Exchange (NZX) to be a \"recognised stock exchange\" for the purposes of the Duties Act 2001 (s3). Mechanically, that brings transactions conducted on the NZX within the category of exchange-related dealings the Duties Act treats as occurring on a recognised exchange. That affects issuers, investors and taxpayers by changing which transfers fall inside the Duties Act’s rules, and the instrument is administered by the Department of Treasury and Finance (s3)."},"issue_detection":{"absurdities":[],"contradictions":[]},"summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument appears to serve exactly the purpose its name suggests — designating recognised stock exchanges under Tasmania's duties legislation. There is no indication from the available text that its scope has expanded or shifted from its original intent since commencement in 2012."},"complexity_factors":["Very short and narrow instrument — likely just a definitional/list-based order","Operates by reference to a parent Act (the Duties Act), so its effect cannot be fully understood without reading that Act","Limited substantive content visible in the provided text — the actual list of recognised exchanges is not shown, reducing ability to assess full scope","Minimal procedural complexity — no enforcement mechanisms or multi-step processes"],"plain_english_summary":"This order names which stock exchanges Tasmania treats as \"recognised\" for its Duties Act, determining when transactions in shares or financial products attract stamp duty exemptions or special treatment. It matters to investors, brokers and Tasmanian businesses trading securities: using a listed exchange can avoid extra duty, while unlisted exchanges may trigger tax. In force from 18 July 2012 (no substantive changes since)."}},"importantCases":[],"_links":{"self":"/api/acts/duties-recognised-stock-exchange-order-2012","history":"/api/acts/duties-recognised-stock-exchange-order-2012/history","analysis":"/api/acts/duties-recognised-stock-exchange-order-2012/analysis","conflicts":"/api/acts/duties-recognised-stock-exchange-order-2012/conflicts","importantCases":"/api/acts/duties-recognised-stock-exchange-order-2012/important-cases","documents":"/api/acts/duties-recognised-stock-exchange-order-2012/documents"}}