Business Tax Review (Taxing) Act (No. 2) 2003

Western Australia

CONTENTS

1. Short title 1

2. Commencement 2

3. The Act amended 2

4. Second Schedule amended 2

Western Australia

Business Tax Review (Taxing) Act (No. 2) 2003

No. 59 of 2003

An Act to amend the Stamp Act 1921 and for related purposes.

[Assented to 26 November 2003]

The Parliament of Western Australia enacts as follows:

1. Short title

This Act may be cited as the Business Tax Review (Taxing) Act (No. 2) 2003.

2. Commencement

(1) This Act comes into operation on a day fixed by proclamation.

(2) Different days may be fixed under subsection (1) for different provisions.

3. The Act amended

The amendments in this Act are to the Stamp Act 1921*.

[* Reprinted as at 3 August 2001.

For subsequent amendments see Western Australian Legislation Information Tables for 2002, Table 1, p. 368 and Act No. 21 of 2003.]

4. Second Schedule amended

(1) The amendments in this section are to the Second Schedule.

(2) Item 13 is amended as follows:

(a) by deleting the heading and subitems (1), (1a) and (2) and inserting instead —

“

MORTGAGES (INCLUDING HOME MORTGAGES)
(1)	If no advance has been made under the mortgage .................................................	$20.00	Mortgagor
(2)	For the amount secured by a mortgage other than a home mortgage .........................	$20.00 for any amount up to and including $5 000, plus $0.40 for each additional $100 and every fractional part of $100	Mortgagor
(2a)	For the amount secured by a home mortgage where the whole of the secured amount is used for the mortgagor’s dwellinghouse as provided in section 85(2)	$20.00 for any amount up to and including $8 000 plus $0.25 for each additional $100 and every fractional part of $100	Mortgagor
(2b)	For the amount secured by a home mortgage where only part of the secured amount is used for the mortgagor’s dwellinghouse as provided in section 85(2) .................................................	$20.00 for any amount up to and including $8 000 plus $0.25 for each additional $100 and every fractional part of $100 that is used for the mortgagor’s dwellinghouse, plus $0.40 for each $100 and every fractional part of $100 that is not used for the mortgagor’s dwellinghouse	Mortgagor

”;

(b) by deleting item 13(3)(c).

(3) Item 18 is deleted and the following item is inserted instead —

“

18.	HIRE OF GOODS
(1)	A return under section 112L .....................	See section 112LB	The commercial hire business
(2)	A statement under section 112M ..............	See section 112MA	The hirer of the goods

”.

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By Authority: JOHN A. STRIJK, Government Printer