58GRegistration of transfers of marketable securities

#### 58G Registration of transfers of marketable securities (1) A transfer of a marketable security shall not be registered in the books of the company or unit trust to which the marketable security relates unless: (a) the instrument of transfer: (i) bears a statement in respect of the sale or purchase to which the transaction relates, made in accordance with section 52 of this Act or in accordance with a provision of a law of a State or another Territory relating to stamp duty, to the effect that stamp duty, if payable, has been or will be paid; (ii) has been duly stamped for the purposes of this Act or of a law of a State or another Territory relating to stamp duty; or (iii) bears a stamp affixed or impressed under section 17 of this Act or under a provision of a law of a State or another Territory relating to stamp duty to the effect that no tax or stamp duty is payable; (b) tax is imposed by the Australian Capital Territory Tax (Transfers of Marketable Securities) Act 1986 on the registration of the transfer; or (c) tax would, but for subsection 6(1) of that Act, be imposed by that Act on the registration of the transfer. (2) This section does not apply to a transfer of a marketable security where the transfer is effected by an instrument of transfer that appears to have been executed by the transferor, or by any of the transferors, on or after the changeover day (including an instrument that appears to have been executed by the transferee or by any of the transferees, before the changeover day).