LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 (REPEALED)
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Hide history notePART II - MAKING OF DEPOSITS
SECTION 14 STAMP DUTY NOT PAYABLE IN RESPECT OF DEPOSITS 14(1) [Stamp duty, etc not payable] Stamp duty or any similar tax is not payable under a law of the Commonwealth or of a State or Territory in respect of: (a) any document relating to the making or repayment of a deposit or to the transmission of rights existing in respect of a deposit; (b) cheques or drafts drawn by a bank on behalf of the Commonwealth in connexion with the repayment of a deposit; or (c) any document relating to the payment of interest in respect of a deposit including cheques or drafts drawn by a bank on behalf of the Commonwealth for the payment of such interest. 14(2) [Definition of ``bank''] In this section: bank includes, but is not limited to, a body corporate that is an ADI (authorised deposit-taking institution) for the purposes of the Banking Act 1959.
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