#### 34 Abolition of duty on transfers of marketable securities and commercial fishery shares 34 Abolition of duty on transfers of marketable securities and commercial fishery shares > > (1) On and from 1 July 2016, marketable securities and commercial fishery shares are not dutiable property (despite section 11). > > > (2) Subsection (1) does not apply in respect of any transfer or transaction with respect to marketable securities or commercial fishery shares that occurs before 1 July 2016 and, accordingly, does not affect any requirement to pay duty under this Chapter in respect of the transfer or transaction. > > > (3) In this section— > > > > commercial fishery share means a share in a share management fishery (within the meaning of the [Fisheries Management Act 1994](/view/html/inforce/current/act-1994-038)). > > **s 34:** Rep 2000 No 44, Sch 2 \[14\]. Ins 2006 No 49, Sch 1 \[9\]. Am 2008 No 48, Sch 1 \[3\]–\[5\]; 2008 No 122, Sch 1.1 \[6\]; 2012 No 46, Sch 1.1 \[1\]; 2013 No 50, Sch 1 \[5\] \[6\]. Subst 2014 No 37, Sch 1 \[4\].

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