Duties Act 1997
34Abolition of duty on transfers of marketable securities and commercial fishery shares
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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).
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].