33Shares, units, derivatives and interests (marketable securities)

33 Shares, units, derivatives and interests (marketable securities)

33 Shares, units, derivatives and interests (marketable securities)

(1) The rate of duty chargeable on dutiable transactions in respect of marketable securities is 60 cents per $100, or part, of the dutiable value of the marketable securities.

(2) (Repealed)

(3) A minimum rate of duty of $10 is chargeable under this section in respect of a transfer of shares of a corporation that is not the legal or beneficial owner of land in New South Wales.

(4) A rate of duty chargeable under this section does not apply to a dutiable transaction that confers a land use entitlement.

(5) If a provision of this Chapter provides that a duty of $50 is chargeable in respect of a transfer of marketable securities, and the duty charged at the rate provided for by subsection (1) would be less than $50, the duty chargeable is that lesser amount.

(6) This section is subject to section 273, which provides for a minimum duty of $10.

Note.

Transactions in respect of shares or units that are quoted on the Australian Securities Exchange or a recognised stock exchange, or interests in such shares or units, are not dutiable transactions (see section 11 (2)).

s 33: Am 1998 No 104, Sch 2 [8]; 2000 No 44, Sch 2 [10]–[13]; 2008 No 122, Sch 1.2 [4]; 2009 No 51, Sch 1.5 [8] [9]; 2012 No 76, Sch 1 [3].