Western Australia
Stamp Amendment (Budget) Act 2003
CONTENTS
1.Short title1
2.Commencement2
3.The Act amended2
4.Second Schedule item 4 amended and transitional provision3
5.Second Schedule item 16 amended4
Western Australia
Stamp Amendment (Budget) Act 2003
An Act to amend the Stamp Act 1921.
[Assented to 30 June 2003]
The Parliament of Western Australia enacts as follows:
This Act may be cited as the Stamp Amendment (Budget) Act 2003.
(1)Subject to this section, this Act comes into operation on the day on which it receives the Royal Assent.
(2)Section 4 comes into operation, or is deemed to have come into operation, on 1 July 2003.
(3)Section 5 comes into operation, or is deemed to have come into operation —
(a)on 8 May 2003 in relation to any policy of insurance that is renewed or effected on or after 8 May 2003 and before 1 July 2003 if —
(i)the period for which the policy is valid commences on or after 8 May 2003 and before 1 July 2003 and the policy is a renewal of a policy of insurance that would otherwise have expired on or after 1 July 2003;
(ii)the period for which the policy is valid commences on or after 8 May 2003 and before 1 July 2003 and the policy replaces another policy of insurance with the same insurer that would otherwise have expired on or after 1 July 2003; or
(iii)the period for which the policy is valid commences on or after 1 July 2003;
and
(b)on 1 July 2003 in relation to any policy of insurance that is effected or renewed on or after 1 July 2003.
The amendments in this Act are to the Stamp Act 1921*.
[*Reprinted as at 3 August 2001.
For subsequent amendments see 2001 Index to Legislation of Western Australia, Table 1, p. 354 and Acts Nos. 7, 11 and 25 of 2002 and 21 of 2003.]
4.Second Schedule item 4 amended and transitional provision
(1)The amendments in this section are to the Second Schedule.
(2)Item 4(1)(a) is amended by deleting “$2.00” and inserting instead —
“ $2.30 ”.
(3)Item 4(1)(b) is amended by deleting “$1 600 and $3.00” and inserting instead —
“ $1 840 and $3.45 ”.
(4)Item 4(1)(c) is amended by deleting “$2 200 and $4.15” and inserting instead —
“ $2 530 and $4.75 ”.
(5)Item 4(1)(d) is amended by deleting “$8 425 and $5.15” and inserting instead —
“ $9 655 and $5.90 ”.
(6)Item 4(1)(e) is amended by deleting “$21 300 and $5.50” and inserting instead —
“ $24 405 and $6.30 ”.
(7)Despite the amendments made by this section, the Stamp Act 1921 as in force immediately before 1 July 2003 continues to apply to and in relation to instruments of a kind referred to in the Second Schedule item 4(1) to that Act that were executed before 1 July 2003.
5.Second Schedule item 16 amended
(1)The amendments in this section are to the Second Schedule.
(2)Item 16(1)(b) is amended by deleting “8%” and inserting instead —
“ 10% ”.
(3)Item 16(1)(c) is amended by deleting “8%” and inserting instead —
“ 10% ”.
(4)Item 16(2) is amended by deleting “0.08” and inserting instead —
“ 0.10 ”.
