Stamp duty not payable on trustee’s cheques or receipts
311 Stamp duty not payable on trustee’s cheques or receipts
In this section, trustee means:
a trustee of the estate of a bankrupt; or
a trustee of a personal insolvency agreement; or
a trustee of a composition or a scheme of arrangement; or
a trustee of the estate of a deceased person in respect of which an order has been made under Part XI of this Act.
Notwithstanding anything contained in a law of a State or Territory, stamp duty is not payable under such a law:
on a cheque drawn by a trustee on an account kept under this Act;
on a cheque received by a trustee in his or her capacity as trustee, being a cheque drawn in a State or Territory other than that in which it is received by the trustee; or
on a receipt given by a trustee in his or her capacity as trustee.
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