Bankruptcy Act 1966

PART XVI - MISCELLANEOUS  

SECTION 311   STAMP DUTY NOT PAYABLE ON TRUSTEE ' S CHEQUES OR RECEIPTS  

311(1)   [Interpretation]  

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.

311(2)   [Stamp duty]  

Notwithstanding 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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