20State taxes

20 State taxes

20 State taxes

(1) In this section—

relevant matter means any of the following—

(a) the transfer of electricity generator assets for the purposes of an authorised transaction,

(b) a vesting of assets, rights or liabilities by operation of Schedule 4 (Vesting of assets, rights and liabilities) and anything certified by the Treasurer as having been done in consequence of such a vesting (for example, the transfer or registration of an interest in land),

(c) the issue, disposal or purchase of shares or other securities in a company for the purposes of an authorised transaction,

(d) any matter connected with the corporate conversion of an electricity generator or transaction SOC for the purposes of an authorised transaction,

(e) such other matters for the purposes of an authorised transaction as may be prescribed by the regulations.

State tax means application or registration fees, duty under the Duties Act 1997 or any other tax, duty, fee or charge imposed by any Act or law of the State.

(2) State tax is not payable by a public sector agency in relation to a relevant matter.

(3) State tax is not payable by a person or body (other than a public sector agency) in relation to a relevant matter to such extent (if any) as the Treasurer may direct by order in writing, either generally or in a particular case.

(4) An order may be made by the Treasurer under this section before or after the liability to pay the State tax concerned accrues.

(5) The Treasurer must give a copy of an order under this section to the Chief Commissioner of State Revenue.