34BExemption from State tax

34B Exemption from State tax

34B Exemption from State tax

(1) In this section:

exempt matter means the transfer of the estate assets and liabilities of a transferring company to a receiving company under Division 2 of Part 5D.6 of the Corporations Act 2001 of the Commonwealth.

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 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.

s 34B: Ins 2009 No 109, Sch 1 [11].