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This is a Bill, not an Act. For current law, see the Acts databases.


STAMP AMENDMENT (BUDGET) BILL 2003

                       Western Australia


     Stamp Amendment (Budget) Bill 2003

                          CONTENTS

1.     Short title                                        1
2.     Commencement                                       2
3.     The Act amended                                    2
4.     Second Schedule item 4 amended and transitional
       provision                                          3
5.     Second Schedule item 16 amended                    3




                                                         page i
                            198--1
                           Western Australia


                      LEGISLATIVE ASSEMBLY



       Stamp Amendment (Budget) Bill 2003


                               A Bill for


An Act to amend the Stamp Act 1921.



The Parliament of Western Australia enacts as follows:


1.      Short title
        This Act may be cited as the Stamp Amendment (Budget)
        Act 2003.




                                                                page 1
     Stamp Amendment (Budget) Bill 2003



     s. 2




     2.         Commencement
          (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
5               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
10                      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
15                              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
20                              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
25                     is effected or renewed on or after 1 July 2003.

     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 2001 Index to Legislation of
30                 Western Australia, Table 1, p. 354 and Acts Nos. 7, 11 and 25
                   of 2002 and 21 of 2003.]

     page 2
                                              Stamp Amendment (Budget) Bill 2003



                                                                                s. 4



     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 --
5               "   $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
10              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    ".
15        (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
20              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.
25        (2)   Item 16(1)(b) is amended by deleting "8%" and inserting
                instead --
                "   10%     ".


                                                                             page 3
    Stamp Amendment (Budget) Bill 2003



    s. 5



       (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
5            instead --
             "   0.10   ".




 


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