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In forceAbolition of duty on transfers of marketable securities and commercial fishery shares
Chapter 2Transactions concerning dutiable property
Part 4Abolition of various duties
34 Abolition of duty on transfers of marketable securities and commercial fishery shares
(1)
On and from 1 July 2016, marketable securities and commercial fishery shares are not dutiable property (despite section 11).
(2)
Subsection (1) does not apply in respect of any transfer or transaction with respect to marketable securities or commercial fishery shares that occurs before 1 July 2016 and, accordingly, does not affect any requirement to pay duty under this Chapter in respect of the transfer or transaction.
(3)
In this section—
commercial fishery share means a share in a share management fishery (within the meaning of the Fisheries Management Act 1994).
This Act’s bill:Explanatory memorandumSecond reading speech
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