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Stamp Duties (Amendment) Act 2011

PAPUA NEW GUINEA

Stamp Duties (Amendment) Act 2011.

No. 19 of 2011.

Certified on: 24 FEB 2012

Stamp Duties (Amendment) Act 2011.

ARRANGEMENT OF SECTION.

NEW SECTION 5B.

"5B. APPLICATION TO THE PERSONAL PROPERTY SECURITY ACT 2011."

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No. 19 of 2011

AN ACT

Entitled

Stamp Duties (Amendment) Act 2011

Being an Act to amend the Stamp Duties Act (Chapter 117),

MADE by the National Parliament to come into operation in accordance with a notice in the National Gazette by the Head of State, acting with, and in accordance with, the advice of the Minister.

NEW SECTION 5B.

The Principal Act is amended by adding after Section 5A the following new section:–

"5B. APPLICATION TO THE PERSONAL PROPERTY SECURITY ACT 2011.

Transactions entered into between parties under or that are subject to the Personal Property Security Act 2011 are exempt from stamp duty.

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I hereby certify that the above is a fair print of the Stamp Duties (Amendment) Act 2011 which has been made by the National Parliament.

Clerk of the National Parliament.
24 FEB 2012

I hereby certify that the Stamp Duties (Amendment) Act 2011 was made by the National Parliament on 09 December 2011, with an absolute majority in accordance with the Constitution.

Speaker of the National Parliament.
24 FEB 2012