Co-Operatives (National Uniform Legislation) Act 2015

(a) a co-operative that transfers its incorporation under Part 4.3, Division 2, of the Co‑operatives National Law (NT) was, before its registration as a co-operative under that Law, a company under the Corporations Act or any corresponding previous law of the Territory; and

(b) duty had been paid on its incorporation as such a company in respect of the amount of the nominal capital of the company (or, if subsequently increased on the amount of its nominal capital, as so increased).

(2) Any duty paid is to be taken into account and included in assessing the duty payable on the incorporation or registration of the new body in relation to the transfer.