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Totalizator Agency Board Privatisation Act 1997
58Exemptions from tax for conversion documents and other documents
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#### 58 Exemptions from tax for conversion documents and other documents
58 Exemptions from tax for conversion documents and other documents
> > (1) In this section—
> >
> > exempt matter means—
> >
> > > (a) the issue of shares in TAB Limited to the State, the disposal of those shares by the State and the purchase of those shares from the State, or
> >
> > > (b) the application by TAB Limited under this Act for registration as a company or for the reservation of its name, or
> >
> > > (c) any other matter related to the conversion of TAB into a public company under this Act, or
> >
> > > (d) such other matters in connection with this Act as may be prescribed.
> >
> > State tax means application or registration fees, stamp duty or any other tax, duty, fee or charge imposed by any Act or law of the State, other than the [Corporations Law](/view/html/inforce/current/sl-1999-0703).
>
> > (2) State tax is not payable in relation to—
> >
> > > (a) an exempt matter, or
> >
> > > (b) anything done because of, or for a purpose connected with or arising out of, an exempt matter.
>
> > (3) This section does not limit the operation of section 51 (3).
>
> **s 58:** Am 1997 No 151, Sch 1 \[32\].