Application of “top hatting” exemptions
69 Application of “top hatting” exemptions
The amendment made to section 66 by the State Revenue and Other Legislation Amendment (Budget) Act 2008 applies in respect of the following—
an agreement for the sale or transfer of marketable securities first executed on or after 1 July 2008,
a transfer of marketable securities that occurs on or after 1 July 2008 (except where made in conformity with an agreement for sale or transfer entered into before 1 July 2008),
the vesting of marketable securities by or as a consequence of an order of a court, if the order is made on or after 1 July 2008.
Section 163ZEA, as inserted by the State Revenue and Other Legislation Amendment (Budget) Act 2008, applies in respect of an acquisition made on or after 1 July 2008.
This Act’s bill:Explanatory memorandumSecond reading speech
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