(1) No stamp duty is
payable under a law of the State in respect of—
(a) a
transfer, grant or extinguishment effected by a transfer order;
(b) any
transfer or assignment of assets or liabilities by an electricity corporation
to a State-owned company.
(2) No person has an
obligation under the Stamp Duties Act 1923 —
(a) to
lodge a statement or return relating to a transaction referred to in
subsection (1); or
(b) to
include information about such a transaction in a statement or return.