Northern Territory Repealed Regulations

This legislation has been repealed.

STAMP DUTY (EXEMPTION) REGULATIONS

NORTHERN TERRITORY OF AUSTRALIA

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This reprint shows the Regulations as in force at 8 December 1993. Any amendments that may come into operation after that date are not included.

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STAMP DUTY (EXEMPTION) REGULATIONS

Regulations under the Stamp Duty Act

1. Citation

These Regulations may be cited as the Stamp Duty (Exemption) Regulations. (See back note 1)

1. Interpretation

In these Regulations, unless the contrary intention appears –

"Act" means the Stamp Duty Act;

"Commissioner" means the Commissioner of Taxes appointed under the Taxation (Administration) Act;

"motor vehicle trader" means a person who in the opinion of the Commissioner is engaged principally in the trade or business of buying and selling motor vehicles.

1. Exemption of motor vehicle traders

For the purposes of section 6(13) of the Act, a motor vehicle trader is exempt from liability to pay duty under Item 16 of Schedule 1 of the Act in respect of motor vehicles acquired by the motor vehicle trader for the purpose of resale by him in the ordinary course of his business.

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Notes

1. The Stamp Duty (Exemption) Regulations, in force under the Stamp Duty Act, comprise the Regulations 1978, No. 30 as amended by the other Regulations and Acts specified in the following table:

(a) Regulation 1 of the Regulations 1981, No. 25 provides as follows:

"These Regulations shall be deemed to have come into operation on 1 September 1981."

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Table of Amendments

Regulation

4. Repealed by 1993, No. 46

1. Added by 1981, No. 25; substituted by 1982, No. 35; 1984, No. 47; repealed by Act No. 21, 1990, s. 6

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