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
