47
In forceAirport‑lessee company not liable to stamp duty on pre‑grant instruments
Part 8Special tax rules
Division 2Exemption from stamp duty and other taxes
47 Airport‑lessee company not liable to stamp duty on pre‑grant instruments
(1)
This section applies if, at the time a particular instrument was executed by the FAC, the FAC was exempt from stamp duty or other tax under a law of a State or Territory in respect of the instrument.
(2)
To avoid doubt, an airport‑lessee company whose airport lease is granted under section 21 or 22 is not liable to stamp duty or other tax under a law of a State or Territory in respect of:
(a)
the execution of the instrument; or
(b)
a matter connected with the instrument, if the matter occurred before the grant of the airport lease concerned.
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