1
CurrentPurposes
Part 1Preliminary
1 Purposes
The purposes of this Act are—
(a)
to record the State's intention to give effect to the Intergovernmental Agreement on the Reform of Commonwealth–State Financial Relations;
(b)
to enable State entities to make GST equivalent payments;
(c)
to amend the Financial Institutions Duty Act 1982 and the Stamps Act 1958 to discontinue financial institutions duty and stamp duty on certain share transfers and on bookmakers' statements;
(d)
to alter government fees and charges to take GST into account;
(e)
to amend various Acts as a consequence of national taxation reform.
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