(1) Duty shall not be charged on ¾

(a) cheques or orders for the withdrawal of moneys deposited in any financial institution, drawn or issued by a body in respect of which the Commissioner has granted a certificate in writing stating that the Commissioner is satisfied that that body is for the purposes of this section a charitable body or a body established for similar public purposes, as the case may be; or

(b) cheques drawn by persons specified in item 1(4) of the Third Schedule in the circumstances set out in that subitem.

(2) Notwithstanding the repeal and substitution of section 49A by section 35 of the Stamp Act Amendment Act 1979 ¹, duty shall not be charged on cheques or orders for the withdrawal of moneys deposited in any financial institution, drawn or issued by a body granted a certificate under section 49A before that repeal and substitution, which certificate was in force immediately before that repeal and substitution.

[Section 49A inserted by No. 37 of 1979 s. 35; amended by No. 22 of 1998 s. 51.]