Bankruptcy Act 1966
PART XVI
-
MISCELLANEOUS
SECTION 311
STAMP DUTY NOT PAYABLE ON TRUSTEE
'
S CHEQUES OR RECEIPTS
311(1)
[Interpretation]
(a) a trustee of the estate of a bankrupt; or
(b) a trustee of a personal insolvency agreement; or
(c) a trustee of a composition or a scheme of arrangement; or
(d) a trustee of the estate of a deceased person in respect of which an order has been made under Part XI of this Act.
311(2)
[Stamp duty]
(a) on a cheque drawn by a trustee on an account kept under this Act;
(b) on a cheque received by a trustee in his or her capacity as trustee, being a cheque drawn in a State or Territory other than that in which it is received by the trustee; or
(c) on a receipt given by a trustee in his or her capacity as trustee.
In this section, trustee means:
(a) a trustee of the estate of a bankrupt; or
(b) a trustee of a personal insolvency agreement; or
(c) a trustee of a composition or a scheme of arrangement; or
(d) a trustee of the estate of a deceased person in respect of which an order has been made under Part XI of this Act.
View history note
Hide history noteNotwithstanding anything contained in a law of a State or Territory, stamp duty is not payable under such a law:
(a) on a cheque drawn by a trustee on an account kept under this Act;
(b) on a cheque received by a trustee in his or her capacity as trustee, being a cheque drawn in a State or Territory other than that in which it is received by the trustee; or
(c) on a receipt given by a trustee in his or her capacity as trustee.
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