Stamp Duty

Australian Stamp Duty Changes From 1 July 2001

Confirmation has been received from the stamp duty offices that all States and Territories of Australia will, from 1 July 2001, abolish stamp duty on the transfer of quoted marketable securities.

It has been suggested that the format of off-market transfer forms should not be altered at this time.

However, although it is not considered essential for off-market transfers covering quoted securities to include a "Consideration" amount, it is suggested that the date of purchase should be included on any transfer.

This is to enable assessment of any applicable duty which would be payable if dated prior to 1 July 2001.

Note: Stamp duty is still payable on unlisted securities

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