193RExemption from stamp duty etc.

#### 193R Exemption from stamp duty etc. Definition (1) In this section: > exempt matter means: (a) the grant of an interest in land, or water‑related right, by the Indigenous Land and Sea Corporation under paragraph 191D(1)(a), if the grant occurs within 12 months after the interest or right was acquired by the Indigenous Land and Sea Corporation; or (b) an agreement relating to such a grant; or (c) the grant of an interest in land, or water‑related right, by a subsidiary of the Indigenous Land and Sea Corporation as a result of the performance by the subsidiary of the function corresponding to the function of the Indigenous Land and Sea Corporation referred to in paragraph 191D(1)(a), if the grant occurs within 12 months after the interest or right was acquired by the subsidiary; or (d) an agreement relating to a grant referred to in paragraph (c); or (g) the disposal of an interest in land, or water‑related right, by a body corporate under section 191T; or (h) an agreement relating to a disposal referred to in paragraph (g); or (i) the receipt of money by a body corporate, or by a person acting on behalf of a body corporate, in respect of a disposal referred to in paragraph (g). Exemption (2) Stamp duty or other tax is not payable under a law of a State or Territory in respect of: (a) an exempt matter; or (b) anything done (including a transaction entered into or an instrument or document made, executed, lodged or given) because of, or for a purpose connected with or arising out of, an exempt matter.