Stamp duty
33 Stamp duty
No stamp duty is payable under a law of the State in respect of—
a transfer of assets or liabilities under this Act (other than a transfer on sale of shares in, or assets and liabilities of, Newco or a Newco subsidiary);
any transfer or assignment of assets or liabilities by SGIC or an SGIC subsidiary to Newco or a Newco subsidiary.
No person has an obligation under the Stamp Duties Act 1923—
to lodge a statement or return relating to the transfer or assignment of assets or liabilities from SGIC or an SGIC subsidiary to a transferee company; or
to include information about such a transfer or assignment in a statement or return.
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