58Exemptions from tax for conversion documents and other documents

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.

(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].