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Short Title, commencement and division into Parts \par 2. Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2168818 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2168818 PART I }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2168818 ADMINISTRATION}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2168818 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 \par Stamps}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2168818 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 3. Provisions for creation of}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 impressed stamps \par 4. Allowance for stamps destroyed by accident \par 5. Payment of duties, fines, etc., by stamps \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2168818 Miscellaneous \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 6. Refunds of duty and other payments \par 7. Rewards to informers \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6769613 8. Fraudulent dealings with stamps}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6769613 9. Unlawfully defacing stamps}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 10. Defrauding Crown of reve}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 ue \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2168818 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2168818 PART II - STAMPING OF INSTRUMENTS}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2168818\charrsid2168818 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2168818 BY THE INLAND REVENUE DEPARTMENT \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 10A. Sta}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 mp}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 duty payable \par 11. Stamp duty to constitute a debt to }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 C}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 rown \par 12. Recovery of duty from person primarily liable \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2168818 \par Presentation for Stamping \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 13. Instrume}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 ts to be stamped by Inland Revenue Department \par 13A. [Repealed] \par 14. Presentation of instrument for assessment and staging \par 15. Penalties for late presentation for stamping and for late payment of duty after assessment \par 16. Penalty recoverable as stamp duty \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7157345 {\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 17.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 Penalty to be denoted by stamp}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 18.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 Reduction or omission of penalty}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 19.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 Impounding}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2168818\charrsid2168818 Appeals against Assessments \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2168818\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 20.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 Appeals to Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 21.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 Collector\rquote s decision}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 22.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2168818 Appeal to the High Court}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 23.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Collector to the state case for High Court}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 24.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Court may confirm, cancel, or vary assessment}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 25.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Cost of appeal}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 26.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Appeals as to questions of fact}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 27.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Allegations of fact may be disputed}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 28.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Non-prosecution of appeal}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid1594466\charrsid1594466 Miscellaneous \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 29.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Conclusiveness of assessments}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 30.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Refund where instrument erroneously assessed}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 31.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Erroneous assessment not to affect Crown\rquote s right to duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 32.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Presentation of instrument not condition precedent to recovery of duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1594466 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid1594466\charrsid1594466 PART III }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid1594466\charrsid1594466 GENERAL PROVISIONS AS TO DUTIES \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7157345 {\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 33.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Saving of exemptions by other Acts}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 34.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Refund of duty where instrument inoperative}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 35.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Refund of duty paid in error or excess}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 36.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Production of unstamped instruments as evidence}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2516905 \par 37.}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Unstamped instruments not to be registered}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 38. Appropriation of stamps for particular purposes \par 39. Mode of stamping by Inland Revenue Department \par 40. Requirements as to mode of stamping \par 41. More instruments than one on same paper \par 42. Instrument relating to more matters than one \par 43. Evidence inconsistent with instrument not admissible for purpose}{\fs24\lang2057\langfe5129\langnp2057\insrsid10103379 of exemption}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 \par 44. Penalty for wording instrument so as not to disclose its nature \par 45. Duty on instrument dependent on duty on other instrument \par 46. Collector may demand production of instrument \par 47. Apportionment of consideration in certain cases \par 48. Consideration expressed in foreign currency \par 49. Consideration subject to contingency \par 50. Where several considerations expressed \par 51. Consideration expressed by reference to shares in company \par 52. Valuation of shares \par 53. Value not to be less than value expressed in instrument \par \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1594466 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid1594466\charrsid1594466 PART IV }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid1594466\charrsid1594466 CONVEYANCE DUTY \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7157345 {\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 Conveyances \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14947987 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 54. Interpretation \par 55. Grant of licenc}{\fs24\lang2057\langfe5129\langnp2057\insrsid13457501 e in respect of inventions, etc, deemed to be conveyance}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 \par 56. Conveyance for inadequate consideration \par 57. Rates of duty on conveyances \par 58. Transferee primarily liable for duty \par 59. Exemptions from conveyance duty \par 60. [}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 Repealed]}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 61. Conveyance duty on property subject to charge}{\fs24\lang2057\langfe5129\langnp2057\insrsid1594466 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 62. Conveyance duty where consideration payable periodically \par 63. Conveyance duty where value of consideration not ascertainable \par 64. Conveyance duty where conveyance made at request of intermediary \par 65. Transfer of shares to disclose name of transferee \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4813984\charrsid4813984 Agreements of Sale \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 \par 66. Conveyance duty on agreements of sale \par 67. Execution of agreements of sale \par 68. Duty where two or more agreements in respect of one transaction \par 69. Exemption of subsequent conveyance \par 70. Exemption of agreement if conveyance executed within three months \par 71. Purchase on behalf of company \par 72. Agreement of sale to vest equitable interest in purchaser \par 73. Surrender without consideration deemed a voluntary conveyance \par 74. Surrenders of leases when new leases are granted \par 75. Declaration of trust chargeable as conveyance \par 76. Duty on instruments executed in exercise of power of appointment \par 77. Duty on share warrants \par 78. Duty on instrument of nomination for paid-up shares \par 79. Duty on issue of shares pursuant to direction of person entitled thereto \par 80. Reconstruction of companies \par 81. Partnership \par 82. Refund of conveyance duty where agreement or conveyance rescinded \par \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4813984 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid4813984\charrsid4813984 PART V - MORTGAGE DUTY \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7157345 {\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 \par 83. Interpretation \par 84. Duty in respect of mortgages \par 85. Where agreement to mortgage followed by actual mortgage \par 86. Mortgages subject to mortgage duty \par 87. Instrument varying terms of mortgage \par 88. [Repealed] \par \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4813984 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid4813984\charrsid4813984 PART VI }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4813984\charrsid4813984 DUTY ON LEASES AND LICENCES \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7157345 {\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 \par 89. Interpretation \par 90. Duty on leases where consideration consists of rent \par 91. Duty on leases in other cases \par 92. Duty on leases where rent on renewal to be fixed by valuation \par 93. Lessee primarily liable for duty \par 94. Licences \par 95. Consideration for lease not be apportioned in computing duty \par 96. Duty on lease comprising land and chattels \par 97. Lease to include goodwill \par 98. Agreements for lease \par 99. Additional duty on increase of rent \par \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4813984 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid4813984\charrsid4813984 PART VII }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4813984\charrsid4813984 MISCELLANEOUS STAMP DUTIES \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4813984 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 \par Deeds of Assignment \par \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 100. Duty on deeds of assignment \par 101. Duty on deeds not otherwise charged \par 101A. Non}{\fs24\lang2057\langfe5129\langnp2057\insrsid2190685 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 application of Act to offshore instruments \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 102. Duty on transfers of shares exempt from conveyance duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid4813984 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 103. Duty on partnership agreements \par 104. Duty on duplicates and counterparts \par \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2440267 PART VIII }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2440267 MISCELLANEOUS PROVISIONS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4813984 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par 105. Application of Act \par 106. Duty paid under repealed Act \par 107. [Repealed] \par 108. Revocation \par \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -----------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid4813984 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid614567 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid614567 1971-72}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2440267 ,}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid614567 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2440267 No. 7 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9000837 {\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 [In this Act, references to }{\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 Treasury}{\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 were replaced by references to }{ \lang2057\langfe5129\langnp2057\insrsid10518383 "}{\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 Inland Revenue Department}{\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 and references to }{\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 Financial Secretary}{\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 by references to }{\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 Collector}{ \lang2057\langfe5129\langnp2057\insrsid10518383 "}{\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 , in accordance with Act 1979-80/9] \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9000837 {\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid9000837 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid5718578 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid5718578 An Act to amend the law relating to stamp duties \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid10518383 \par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 (13th March, 1972)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2440267 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2440267 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 by the Legislative Assembly of the Cook Islands in Session assembled, and by the authority of the same, as follows:}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15345287 1.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2440267 Short Title and commencement and division into}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid2440267 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2440267 Parts}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par (1) This Act may }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 be}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ited}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 as the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 S}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 tamp Duties Act 1971-72.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) This Act sha}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ll come into for}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ce on the first day of January nineteen hundred and seventy-two.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par (3) This Act is divided into Parts, as follows: \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PART}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 I - Administration.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 (Sections 3 to 10)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PART II - Stamping of Instruments by the}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Inland Revenue Department.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 (Sections 11 to 32)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PA}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 R}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 T III - G}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 eneral Provisions as to Duties. }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (Sections 33 to 53) \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PART IV - Conveyance Duty.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (Sections 54 to 82)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PART}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid2440267 V - Mortgage Duty. }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (Sections 83}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to 88) \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid10518383 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PART VI - Duty on Leases and Licences.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (Sections 89 to 99) \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PART VI}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 I - Miscellaneous Stamp Duties. }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (Sections 100 }{\fs24\lang2057\langfe5129\langnp2057\insrsid409681 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o 104) \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 PART }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 VIII}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2440267 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 - Miscellaneous Provisions}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 . }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (Sections 105 to 108)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15345287 2.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2440267 Interpretation}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - In thi}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Act, unless the context otherw}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 se requ}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 res, -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Collector of Inland Revenue}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means the Collector of Inland Revenue appointed under the Income Tax Act 1972; and include any person for the time being authorised to exercise or perform any of the powers }{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 and functions of the Collector;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Consideration}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 valuable consideration}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means valuable consideration in money}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or money}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid9715788 s worth;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 The Crown}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means Her Majesty in respect of the Government of the Cook Islands; and includes any public authority as herein defined; and also includes any officer of the Government}{\fs24\lang2057\langfe5129\langnp2057\insrsid5009947 acting in his capacity as such; }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Date of assessment}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , used with reference to the assessment of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 amp duty or of a penalty, m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 eans the day on which notice of the assessment of the stamp duty or}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 penalty has been given, either verbally}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or in writing, by}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the Inland Revenue Department to any person by whore or on whose behalf the instrument has been presented for stamping or to the agent of any such persons}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2307492 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mea}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s }{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 any }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 stamp duty or other duty imp}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 osed by this Act}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ex}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ecuted}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , wit h reference to instrumental means signed by any one or more of the partie}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 s thereto, or in the case of a c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 orporatio}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , sealed with}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 it}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 s seals and }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 exe}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 u}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "} {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 has a corresponding meanin}{\fs24\lang2057\langfe5129\langnp2057\insrsid5009947 g;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Instrument}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 includes every written document not being a will or other instrument operating by way of testa}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 me}{\fs24\lang2057\langfe5129\langnp2057\insrsid2388736 ntary disposition only;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Land}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 includes any estate or interest in land, whether legal or equitable, corporeal or incorporeal}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2388736 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ve}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sea}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 company}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means a company i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 nc}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 orporated elsewhere than in the Cook }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Is}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 lands}{\fs24\lang2057\langfe5129\langnp2057\insrsid2388736 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Paper}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 includes paper parchment, and every other material upon which wo}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 rds or figures can be expres}{\fs24\lang2057\langfe5129\langnp2057\insrsid2388736 sed;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Presented for stamping}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means delivered) whether personally or otherwise,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 at the office of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 for sta}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ping by the Inland Revenue Departmen}{\fs24\lang2057\langfe5129\langnp2057\insrsid2388736 t;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Proper}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ty}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mea}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s every description of property or proprietary right, and every estate or interest in property, whether legal or equitable and whether corporeal or }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ncorporeal, an}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 includes goodwill}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2388736 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Public authority}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 an}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 every incorporated department or instrument of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Ex}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ecutive Government of the Cook Islands i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 respect of all m}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 oney or other property held on}{\fs24\lang2057\langfe5129\langnp2057\insrsid2388736 behalf of the Crown;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Shares}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means shares in the capital of any }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 compan}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y in}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 corporated in the Cook Islands }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 lsewher}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and includes stock}{\fs24\lang2057\langfe5129\langnp2057\insrsid2388736 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid2440267 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267 Stamp}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 " }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means an impressed stamp created }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 un}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 der this Act or an adhesive stamp created }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 un}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 der the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 P}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2388736 ost Office Act 1959}{\fs24\lang2057\langfe5129\langnp2057\insrsid12335144 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 but does }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 no}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t include a special stamp created }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 u}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nder sec}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 tion 74 of the last-mentioned Ac}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2388736 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2440267\charrsid2516905 Stamp}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means any duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 which is imposed by this A}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ct in respect of an instrument }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and the payment of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 w}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 hich}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 is}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to be }{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 denoted by a }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 stamp impressed on or affixed to}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid12335144 the instrument;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid2516905 Stamped}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 paper}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means paper cm which a stamp has been impressed by the Inland Revenue Department before the paper ha}{\fs24\lang2057\langfe5129\langnp2057\insrsid11273334 s become an executed instrument;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Writing}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 includes every mode in which words or figures can be expressed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2307492 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 [}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Amended Act 1979-80/8}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ] \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14161192 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 PART I - ADMINISTRATION \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14161192 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Stamp}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid14161192 s}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid14161192 Provisions for c}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 reation of impressed stamps}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Sub}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 j}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ect to the provi}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ions of this Act, the creation, custody,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and disposition of impr}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 es}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sed stamps required for the purposes of}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 this Act shall take place in accordance with regulations made under this Act, or in default of such regulations and so far as they do not extend, then in accordance with the directions of the Minister responsible for fin}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ce}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par (2) Impressed stamps created}{\fs24\lang2057\langfe5129\langnp2057\insrsid11273334 for the purposes of this Act ar}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e available for those purposes, but not for the purposes of the Post Office Act 1959}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 4.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Allowances for stamps destroyed by accident}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 In}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 pursuance of regulations under}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 this Act the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 may make a}{\fs24\lang2057\langfe5129\langnp2057\insrsid10229183 llowances for stamps destroyed, }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 spoiled, or wasted by accident or error or otherwise rendered unsuitable for the purp ose for which they were issued (other t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ha}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n stamps used or intended to be used for the purposes of the Post Office Act 1}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 9}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 59)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2584814 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 by giving in exchange other stamps of the same value or by paying to the owner the amount thereof, with such deduction in either case as may be prescribed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 5.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Payment of duties, fines etc. by stamps}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid16211269 The H}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16211269 gh}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Comm}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 issio}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ne}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 may, by order in E}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 x}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 ec}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 utive Council, direct that all or any of the duties, fees, fines, or penalties}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 payable to th}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 e Crown in money under t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 his or any other Act shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 collected by means of adhesive stamps.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par (2) So long as any such order remains in force all the duties, fees, fi}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , and penalties to which the order relates shall be received accordingly by stamps denoting the sum payable, and not in money.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par (3) By the same or any other Order in Executive }{\fs24\lang2057\langfe5129\langnp2057\insrsid16211269\charrsid2516905 Council}{\fs24\lang2057\langfe5129\langnp2057\insrsid16211269 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid16211269\charrsid2516905 } {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the High }{\fs24\lang2057\langfe5129\langnp2057\insrsid16211269 Commis}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sioner may make regulations - \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a) Prescribing the documents to which stamps}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 so used }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 for the payment of duties, fees, fines, or penalti}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 es in respect of stamps so used;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 (b) Presc}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ribing the mode of cancellation of st }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 mps so used;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ) Prescr}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 b}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid10952222 ng the duties of officers charg}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ed with the collection of any such duties, fees, fines, or}{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 penalti}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 es in respect of stamps so used;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (d) Makin}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 g}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 such other provisions as he deems necessary or convenient for the administration of this section.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14161192 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Miscellaneous \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 6.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 Refunds of du}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 ty and other p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 a}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 y}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 m}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 ents}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Any money pay}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 ab}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 under this Act to any person by way of ref}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 und of duty or penalty, or by wa}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y of allowances for stamps destroyed, spoiled, or w}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16211269 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sted, or}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 otherwise rendere}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 d unsuitable, shall be paid out of the Cook Islands Gover}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 me}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t Account without further appropriation than this Act. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9459777 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 7}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid9459777 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Rewards to informers}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - The H}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 igh Commissioner may, in his dis}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 cret}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 on, compound proceeding }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 for the recovery of any penalty for an offence against thi}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Act, or reward any person}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 who informs of any such offence}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or assists in the recovery of any such penalty.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 8.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Fraudulent dealings with stamps}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Every person who}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a) Fraudulently removes or causes to be removed an adhesive stamp from any instrument, postal}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 packet, or document; }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 b) Fraudulently affixes to any i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 nstrument, postal packet, or docume}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nt }{\fs24\lang2057\langfe5129\langnp2057\insrsid16211269 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n adhesive stamp which h}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s been removed from any other instrument, postal packet, or other document; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (c) In any other manner fraudulently deals with any stamp with intent to defraud the Crown -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14161192 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall be liable on conviction to imprisonment fo}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 r a term not exceeding three mo}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nths or to a}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 fine not exceeding two hundred dollar.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 9.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16211269\charrsid14161192 Unlawfully }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 d}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16211269\charrsid14161192 e}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 f}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid16211269\charrsid14161192 a}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 cin}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16211269\charrsid14161192 g}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 stamps}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Every person who by any}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 writing in any manner unlawfully defaces}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 an adhesive stamp before it is used sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ll be liable on conviction to a fine not exceeding te}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 dollar}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 :}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 Provided }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 th}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 at any pe}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 rson may, with the sanction of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 and in such manner as h}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e may prescribe, write upon any }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 adhesive s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tamp for the purpose o}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 identifying the same}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9459777 10.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 De}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 frau}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 d}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 in}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 g}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Crown of revenue}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 E}{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 very person who by means }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of any }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14161192 false date, recital, or statement in any instrument, or by any false representation whatsoever, defrauds or attempts to defraud the Crown of any duty or other money payable under this Act whether by himself or by any other person, and every person who is knowingly concerned in any such offence, shall be severally liable on conviction to imprisonment for a term not exceeding three months or to a fine not exceeding two hundred dollars. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14161192 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 PART II}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid14161192 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 -}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid14161192 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 STAMPING OF INSTRUMENTS BY THE}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid14161192 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 INLA}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 ND}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 REVENUE DEPARTMENT \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 10A}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 . Stamp duty payable - Unless otherwise provided by this Act, or by or pursuant to}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any other enactment, stamp duty shall be paid to the Crown on every instrument executed after the commencement o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2307492 f this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid12140008 [i.e.:}{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 13 March 1972]}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2307492 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 [}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Added Act 1981-82/25}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ]}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 11.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid14161192 Stamp d}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 uty to constitute a debt to Crown}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) The stamp duty on an}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 instrument }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 hal}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 l constitute a debt payable to the Crown and due on the execution of the instrument, and}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the following persons shall be joi}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tly and severally liable therefor:}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 (a) All pa}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 rties by whom the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 nstrument is executed;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) All persons acquiring any property or right by virtue of the instruments}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2307492 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14161192 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ) The person specified in this Act as the person primarily liable for the duty on that instrument. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 All moneys payable to the Cro wn under this Act (whether as stamp duties, interest, penalties, or otherwise howsoever) shall be recoverable in any Court of }{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 competent }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 jurisdiction by the Collector on behalf of the Crown, by suit in his official name. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 12.}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid12270806 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid12270806 Recovery of duty fr}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid13704394\charrsid12270806 om}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid12270806 person primarily liable }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - When duty has been paid on an instrument by any person other than the person primarily liable therefor th}{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 person by whom the duty is paid shall, in the absence of any }{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 expressed }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or implied contract to the contrary, be entitled to recover the amount so paid from the person primarily liable. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14161192 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 Presentation for Stamping}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 13.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid3105160 Instruments to b}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid13704394\charrsid3105160 e stamped by}{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid13704394\charrsid3105160 Inland Revenue}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13704394 - Exc}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ept where otherwise specially provided in that behal f, instruments to which this Part of this Act applies and which are charged with stamp duty shall be stamped by the Inland Revenue Department after the executio}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 n thereof in accordance with th}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e provisions of this Part of this Act, and not otherwise.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) [}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Repealed}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ] \par }{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2307492 [Amended Act 1973/22; Repealed }{\i\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid2307492 Act 1979-80/8]}{ \i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2307492 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 13A}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \i\fs24\lang2057\langfe5129\langnp2057\insrsid6227969\charrsid2307492 [Added Act 1973/22; R}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2307492 epealed Act 1979-80/8] \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 14.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Presentation of instrument for assessment and}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 stamping}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 A}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14161192 ny }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument to which this Part of this Act applies may at any time after the execution thereof be presented for stamping by the Inland Revenue Department.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 If the instrument is liable to duty the Collector }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13704394 or other proper officer of the I}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nland Revenue D epartment shall assess the amount of the duty, and on the payment of the duty so assessed he}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall cause the instrument to be stamped with an impressed}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or adhesive stamp indicating the amount of the duty. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 If the instru}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 me}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nt is not liable to duty the Co llector or other proper officer as aforesaid shall cause it to be stamped with an impressed or adhesive stamp }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ndicating that the instrument is not liable to duty.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Every instrument so presented for stamping shall be assessed for stamp duty within one month from the date of presentation.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 15.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Penalties for late presentation for stamping and for}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 late payment of dut}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid14161192 y}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 after assessment}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 If any instrum}{\fs24\lang2057\langfe5129\langnp2057\insrsid6301121 ent is not so presented for stamp}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ing within three months after and exclusive of the day of its .execution (or, in the case of an}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13704394 instrument executed out of th}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e Cook Islands, within three months after and exclusive of the day of }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14161192 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ts first receipt in the Cook Islands), it shall be charged, in additi}{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 on}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to the proper stamp duty, with a penalty equal to that duty, but not }{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 l}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ess in any case than ten dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 I}{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 f }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the full }{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 amo}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 unt of the proper stamp duty on any instrument (whether executed before or after the commencement of this Act) is not paid within thr}{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 ee}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 months after and exclusive of the day on which notice in writing of the assessment of the duty has been given by the Collector to the pers}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13704394 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n who presented the instrument for stamping, the instrument shall be charged, in addition to the proper stamp duty, with a penalty equal to the amount of the duty so unpaid, but not less in any case tha}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13704394 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ten dollars. That penalty shall be in addition to and not in subst}{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tution for any penalty under subsection (1) of this section. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 16.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Penalty recoverable as stamp duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Every such penalty shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid13704394 b}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e deemed to be additional sta}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 p duty charged on the instrument, and shall, so soon as the instrument bec}{\fs24\lang2057\langfe5129\langnp2057\insrsid11027645 om }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 es subject thereto, became a debt due and payable to the Crown by the same persons as are liable for the duty on that instrument, and all the provisions of this Act as to the assessm}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11027645 ent and recovery of duty shall e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 xtend and apply to every such penalty accordingly.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 17.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Penalty to be denoted by stamp}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - The payment of any such penalty shall be denoted by a sp}{\fs24\lang2057\langfe5129\langnp2057\insrsid11027645 ecial impressed or adhesive stam}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 p affixed to the instrument by the Collector. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 18.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Reduction or omission of penalty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - The Collector may, if}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10420655 h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e thinks fit, on special grounds, reduce, remit, or refund in whole}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10420655 o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r in part any penalty so incurred, but no such refund shall be made unless application therefor is received by the Collector within six months after the payment of the penalty. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 19.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid10420655 I}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid10420655 mpounding}{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Any instrument to which this Part of this Act applies presented for stamping or for any other purpose may be impounded and detained by the Collector or other proper officer until}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 he duty and penalty (if any) assessed as payable thereon have been paid. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14161192 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Appeals against Assessment \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 20.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Appeals to Collector}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Any pers}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 on who has presented for stamping}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 an instrument to which this Part of this Act applies, and who is dissatisfied with the assessment of duty or penalty made in respect thereof, may, within twenty-one days after the date of the assessment, object to that assessment by delivering or posting to the Collector a written notice of objection stating shortly the grounds of his objection.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 No notice of objection given after the time so specified shall be of any force or effect unless the Collector, in his discretion, accepts the same and gives notice to the objector accordingly. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 21.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Collector}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid14161192 '}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 s decision}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - The Collector shall consider the objection, and may alter the assessment pursuant thereto. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 22.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Appeal to the High Court}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Any person who is dissatisfied with the decision of the Collector on any objection a aforesaid, as being erroneous either in law or in fact, may within twenty-one days after the date of that decision, and on payment of the duty and penalty (if any) so assessed, appeal against that decis}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6190622 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 on to the High Court by requiring the Collector to state a case for the opinion of that Court setting forth the questions of law or fact in issue.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 23.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2513904 Collector to state case for High Court}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) The Collecto}{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall thereupon state a case accordingly, and shall file the same }{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n the High C ourt in such island as he thinks fit, having regard to the convenience of the appellant and the nature of the issues. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Eith}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12532390 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r the appellant or the Collector may thereupon proceed by way of motion for an order determining the questions set forth in the case so stated. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 24.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Court may }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid14161192 confirm, }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 cancel, or vary assessment}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - On the determination of any such appeal the High Court may either confirm or cancel the assessment, or increase or reduce the amount thereof,}{\fs24\lang2057\langfe5129\langnp2057\insrsid11996545 or may refer the assessment ba}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ck to the Collector to be altered in accordance with the directions of the court, and in every such case the assessment shall, where necessary, be altered by the Collector so as to conform to the dete}{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 r }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mination of the Court.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 25.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Costs of a}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14161192\charrsid14161192 ppeal}{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - on the de termination of any such appeal the High Court may make such order as it thinks fit with respect to costs to be paid by the appellant to the Collector or by the Collector to the appellant, having regard to the extent to which the assessment appealed agains t exceeds the amount admitted by the appellant before the appeal was co}{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 mm}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 enced, and the extent to which the assessment was maintained.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 26.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Appeals as to questions of fact }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - If and so far as any such appeal relates to a }{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 q}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 uesti}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6190622 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of fact, the High}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Court may make such order as it thinks fit as to the trial of that issue and as to the reception of evidence by affidavit or otherwise. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 27.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Allegations of fact may be disputed}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Any allegations of fact comprised in a case so stated by the Collector may be disputed by the appellant on the hearing of the appeal, but, in the absence of sufficient evidence adduced by the appellant to the contrary, all such allegations shall be presumed to be correct.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 28.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Non-prosecution o}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid6190622\charrsid14161192 f appeal}{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 - If on the hearing of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any such appeal the appellant does not appear, the Court may dismiss the appeal for non-prosecution, without determining the questions in issue, and may award costs to the Collector against the appellant.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14161192 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Miscellaneous \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 29.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14161192 Conclusiveness of assessments }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Save as provided in }{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 the foregoing provisions with r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 espe}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6190622 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t to appeals, every assessment of stamp duty or penalty }{\fs24\lang2057\langfe5129\langnp2057\insrsid14161192 made }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 by the Inland Revenue Department on an instrument presented by stamping shall be final and conclusive in favour of the Crown and against a ll the parties to that instrument or other persons liable for the duty or penalty, and, save as afores}{\fs24\lang2057\langfe5129\langnp2057\insrsid14839828 aid, no such assessment shall be}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 questioned by any such party or person in any proceedings, whether for the recovery of duty or penalty or otherwise. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 30.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Refund where instr}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid12532390\charrsid15730382 u}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ment erroneously assessed}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15730382 - (1) Notwithstanding anything }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 in section 29 of this Act, if the Collector is satisfied that an instr}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6190622 um}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ent has been erroneously as}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 sessed with duty or penalty, or }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 with excessive duty or penalty, he may, if application for a refund is made at any time within six}{\fs24\lang2057\langfe5129\langnp2057\insrsid16346570 years after the date of the payment}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of that duty or penalty, refund the amount thereof or the amount of the excess, as the case may be, to the person by whom it was paid. \par \par (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Where in consequence of an ap peal under section 22 this Act, a refund is made under subsection (1) of this section, Collector shall pay to the person to whom the refund is made into on the amount thereof at the rate of four per cent per annum fr}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6190622 om}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 date of payment of the duty or penalty: \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Provided that no such interest shall be paid if the amount the}{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 eof }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 is less than two dollars. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 31.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Erroneous assessment not to affect Crown}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid15730382 '}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 s right to duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 The }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 erroneous assessment of any instrument by the Inland Revenue Department as not subject to d uty or penalty, or the erroneous assessment by the Inland Revenue Department of deficient duty or penalty on an instrument, shall in no way take away or affect the liability of the parties to that instrument or of any other pers}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6190622 on,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 pay the full amount of duty or penalty to which the instrument }{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 w}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15730382 as}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 actually subject, and that duty or penalty shall be recoverable }{\fs24\lang2057\langfe5129\langnp2057\insrsid16602230 by the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Crown accordingly. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 32.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Presentation of instrument not condition precedent to }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid15730382 recovery }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 of duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Except where otherwise provided, the presentation of an instrument for stamping, or the assessment of duty or penalty i}{\fs24\lang2057\langfe5129\langnp2057\insrsid12532390 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 accordance with the foregoing provisions, shall not constitute a condition precedent to the right of the Crown to sue for and recover any duty or penalty payable on that instrument.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4731201 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 PART III - GENERAL PROVISIONS AS TO DUTIES \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 33.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Saving of exemptions by }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid6190622\charrsid15730382 other Acts}{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 - Save as otherwise p}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 rovided herein, nothing in this Act shall be so construed as to t}{\fs24\lang2057\langfe5129\langnp2057\insrsid2320914 ake}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 away or restrict any execution from stamp duty expressly }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15730382 conferred by }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any other enactment remaining unrepealed. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 34.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Refund of duty where instrument inoperative}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - When any du}{\fs24\lang2057\langfe5129\langnp2057\insrsid15680571 ty}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 exceeding one dollar has been paid on an instrument which on the execution thereof was not a fully operative instrument, and the Collector is satisfied that the instrument has failed to become fu}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 lly }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 operative and has been cancelled or destroyed, and that that failu}{\fs24\lang2057\langfe5129\langnp2057\insrsid15680571 re}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 was not due to the act, omission, or default of the person by w}{\fs24\lang2057\langfe5129\langnp2057\insrsid15680571 hom}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duty has been paid, or to the act, omission, or default of any oth}{\fs24\lang2057\langfe5129\langnp2057\insrsid15680571 er}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 person with the consent, acquiescence, connivance, or concurrence the person by whom the duty has been paid, the Collector may, on t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7095676 he}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid6190622 pplication of the person by whom}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the duty was paid , made within }{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 six}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 years after the day of the execution of the instrument, refund the duty so paid.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 35.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Refund of duty paid in error or exc}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2898135\charrsid15730382 ess}{\fs24\lang2057\langfe5129\langnp2057\insrsid2898135 - If in any case}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 ot}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 provided for by subsection (1) of section 30 of this Act the Colle}{\fs24\lang2057\langfe5129\langnp2057\insrsid2898135 ctor}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 is satisfied that any duty has been paid under this Act, or any}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 Act }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 hereby repealed, the error, or in excess of the amount properly payable, he may, on application made at any time within six years after the date of the payment of that duty, refund the amount ther}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 eof }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or the amount of the excess, as the case may be, to the person by it was paid. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 36.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Production of unstam}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid15680571\charrsid15730382 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ed in}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15680571\charrsid15730382 struments as evidence}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15680571 - (1) Upon}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 production of an instrument chargeable with duty as evidence in an}{\fs24\lang2057\langfe5129\langnp2057\insrsid2898135 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Court of civil judicature, notice shall be taken by the court of omission or insufficiency of the stamp thereon, and if the inst}{\fs24\lang2057\langfe5129\langnp2057\insrsid2053841 rument}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 is one which may be stamped by the Inland Revenue Department after execution thereof it may, on payment into Court of such sum as may appear to the Court to be amount of the unpaid duty and the penalt}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 y }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (if any) payable on the stamping thereof, be received in evidence, saving all just exceptions on other grounds.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 The Court shall detain the instrument and transmit it to the Inland Revenue Department, together with the duty and penalty so received, and the instrument shall thereupon be assessed and stamped}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 by the Inland Revenue Department as if it had been presented}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 for stamping in the ordinary course, and all the provisions of this Act as to the stamping of instruments by the Inland Revenue Department shall apply accordingly. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Save as aforesaid, no instrument chargeable with duty shall, except in criminal proceedings, be pleaded or given in evidence or admitted to be good, useful, or}{\fs24\lang2057\langfe5129\langnp2057\insrsid2898135 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 available in law or equity, unless}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 it is duly stamped in accordance with the law in force at the time when it was executed. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 For the purpose of this section an instrument which ha s been stamped by the Inland Revenue Department as chargeable with duty or as not liable to duty shall be deemed and taken by every Court to}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 be duly stamped, and shall be admitted in evidence accordingly; but if it appears to the Court that the instrument has been erroneously }{\field\fldedit{\*\fldinst { \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 HYPERLINK http://stamped.it }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid4731201 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2600000068007400740070003a002f002f007300740061006d007000650064002e00690074002f0000000000000000000000}}}{\fldrslt { \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 stamped}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 it}}}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall be the duty of the Court to detain the instrument and transmit it to the Inland Revenue Department for the information of the Collector.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 37.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 Unstamp}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ed instruments not to be registered}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Every person whose office it is to register, record, or enter in any books or records any instrument chargeable with duty or any transaction evidenced by any such instrument, and who registers, records, or enters any such instrument or transaction}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 before the instrument has been }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duly stamped, shall be guilty of an offence, and shall be liable on conviction to a fine not exceeding sixty dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 If any company registers any transfer of shares in or debentures of the c}{\fs24\lang2057\langfe5129\langnp2057\insrsid2898135 ompan}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y before the transfer has been duly stamped, the company, and also every director, the secretary and every other principal officer of the company, shall be guilty of an offence, and shall be liable on conviction to a fi}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15680571 ne not exceeding sixty dollars. \par \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Every instrument stamped by the Inland Revenue Department as chargeable with duty or as not liable to duty shall be deemed to be duly stamped for the purposes of this section.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 38.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Appropriation of status for particular }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ur}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 p}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 oses}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) A stamp which by any words on the face of it is appropriated to any particular description of instrument is not to be used for an instrument of any other description, and, if so used, the instrument on which it is used shall not be deemed to be duly stamped.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 An instrument falling under the particular description to which any stamp is so appropriated as aforesaid is not to be deemed duly stamped unless it is stamped with the stamp so appropriated.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 39.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 Mode of stamp}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 in}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 g}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 by Inland Revenue Department}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Every instrument stamped by the Inland Revenue Department may be stamped either with an impressed or with an adhesive stamp, and every adhesive stamp so used shall be cancelled by }{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 writing across the face of the s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tamp.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 40.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 Req}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 uirements as to mode of stam}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 in}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Every instrument written upon stamped paper is to be written in such a manner, and every instrument partly or wholly written before being stamped is to be so stamped, that the stamp may appear on the face of the instrument, and cannot be used for or ap plied to any other instrument written upon the same paper, otherwise the instrument shall not be deemed to be duly stamped. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 41.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 More instruments than one on same }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 a}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 p}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 er}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - If more than one ins}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 rumen}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s written upon the same paper, every one of the instruments is to be separately and distinctly stamped with the duty with which it is chargeable.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 42.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Instrument relati}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 n}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 g to more matters than one}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - An instrument containing or relating o severs distinct matters its to be separately and distinctly charged as if it}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 were a separate instrument with duty in respect of each of those matters. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 43}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Evidence inconsisten}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 t}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7235330 with instrument not }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 admiss}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 i}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ble}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 f}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 or }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 p}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ur}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ose o}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 f}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 exem}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15730382 pti}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 S}{\fs24\lang2057\langfe5129\langnp2057\insrsid8631 ave as o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 therwise expressly provided by this Act, no evidence sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 all be admissible }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 for the purpose of exempting any instrument from any duty which appears}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to be paya}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 ble in accordance with the terms }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of that instrument, o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of reducing the amount of any such duty, if that evidence would be inconsistent with the, terms of t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 he instrument}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 and}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 every instrument shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 be}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 charged with d}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 uty in accordance with the terms }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 thereof, notwithstanding any facts or circumstances o}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 f which evidence is thus excluded.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 44.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid8631 Penalty for wording instrument so as not to disclose its nature}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (1) If any instrument liable }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 is so drawn as to}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 appear on the face of it to be exemp}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 fro}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duty, or to be }{\field\fldedit{\*\fldinst { \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 HYPERLINK http://liable.to }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid4731201 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2400000068007400740070003a002f002f006c006900610062006c0065002e0074006f002f0000000000000000000000}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 liable}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 to}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a less duty than that actually chargeable thereon, the instrument sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ll be liable to duty computed at double the rate which would otherwise have been chargeable and not less, in any case}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 than ten dollars.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) Nothing in this section shall render any person liable for any such additional duty by reason merely of a bona fide error in stating the value of a ny property to which the instrument relates. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2898135 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2898135\charrsid14243054 45.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2898135 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2898135\charrsid8631 Duty on instrument dependent on duty on}{\fs24\lang2057\langfe5129\langnp2057\insrsid2898135 - (1) Where the d}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 uty with which an instrument is chargeable depends in any manner upon the duty paid upon another instrument, the payment of the last-mentioned duty shall be denoted upon the first-mentioned instrument by a special denoting stamp.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2898135 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 \par (2) A denoting stamp used for any of the purpose of this Act may be a stamp having any distinctive word or words overwritten thereon. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 46}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Collector}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid15730382 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 may demand production of instrumen}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid15730382 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (1) If the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 ha}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 eason }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o believe}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or suspe}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 ct}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 that any dutiable instrument has not been stamped he may, by notice in writing, require any person whom he believes to be liable for the payment of duty on that instrument, or to have th}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 possession or control of that instrument or of any duplicate, counterpart, or copy thereof, to produce it for inspection and assessment at the office of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) Any person to whom any such notice has been given and who fails without reasonable cause (the burden of proof whereof shall be on him) to comply with the requirements of the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 notice }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 shall}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 be guilty of an offence, and shall be liable on conviction to a fine not exceeding one hundred-dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid14243054 47.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Apportionment of consideration i}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid15730382 n}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 certain cases}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 Wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ere an }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ns}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 rume}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 nt}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 is }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 harged}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 with a}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 d}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 v}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 al}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 orem duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 in respect of the consideration for any property dealt with by the instrument, and it appears that such consideration is also t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 consideration for other property (in respect of which no ad valorem duty or a different rate of ad valorem duty is chargeable), the consideration shall be apportioned by the Collector between the several properties in proportion to their value, and the Collector shall not be bound to accept any apportionment expressed in the instrument. Nevertheless, any apportionment so expressed in the instrument shall be conclusive as against the parties to the instrum}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15730382 ent and in favour of the Crown.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) Where an instrument is chargeable with ad valorem duty in respect of the consideration for any property dealt with b}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the instrument, and it appears that that consideration is}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 also the consideration for other property dealt with in another instrument or in other instruments in respect of which the same rate of ad valorem duty is chargeable, ad valorem duty shall be charged in respect of one only of those }{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 instruments; and }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 every}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 other such instrument shall, in so far as it relates to the consideration aforesaid, be charged only with a duty of one dollar and fifty cents as a deed not otherwise charged, unless the ad valorem duty is }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 l}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ess than one dollar and fifty cents, in which case the ad valorem duty shall be charged.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 48.}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid15730382 Consideration }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid15730382 expressed }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 in foreign currency}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Where an instrument }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s charged wit}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 h ad valorem duty in respect of m}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 oney in any currency other than that of the Cook Islands, the }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 du}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ty shall be calculated on th}{\fs24\lang2057\langfe5129\langnp2057\insrsid8631 e value of that money in the currency}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of the Cook Islands at the time of the execution of the instrument.} {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 49}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid15730382 Consideration}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 subject to contingency}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - When a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 ny}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 consideration}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 in}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 which ad valorem }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 duty is computed is subject to a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 contingency, stamp duty shall be computed or charged as if the consideration were not subject to the contingency.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid14243054 50}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Where }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid15730382 several considerations expressed}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 An instrument m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ade for any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 consi}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 deration i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n respe}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 ct of which it is chargeable with ad valorem duty }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and also for any further or other}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 consideration or considerations is to be separately and distinctly charged as if it were a separate instrument with duty in respect of each of the considerations.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 51}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Consideration expressed b}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid15730382 y}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 reference to }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15730382\charrsid15730382 shares in company}{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15730382 When the consideration }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or any part o}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 f the c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 onsid}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 er}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ation on which any ad valorem stamp duty is to be computed consists}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of the issue, or allot}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 ment of shares as fully or partl}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y paid up, the consideration shall be computed as being an amount equal to the actual value o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 f the shares or an amount equal }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to the sum so deemed or purporting; to be paid up thereon, whichever of those amounts is the greater. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14243054 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 52.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 Valuation }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid15730382 o}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 f}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid15730382 sh}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15730382 ares}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - In computing for the purpose of}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 st}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 am}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 p duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the value }{\fs24\lang2057\langfe5129\langnp2057\insrsid15730382 of shares, }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 no account shall be taken of an}{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 restrictive conditions attached to the sale or disposition}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of the shares by the memorandum, or articles of association of the company or otherwise and the shares}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 shall be valued as if no such }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 restrictive conditions existed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 53}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid9200445 V}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 a}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid9200445 l}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 ue no}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid9200445 t}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 to be less than value e}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid9200445\charrsid9200445 xpressed in instrument}{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9200445 (1) Notwithstanding anything to the contrary in this Act, when the value of any property requires to be determined for the purpose s of stamp duty, the value thereof shall in no case be computed as less than the value thereof as agreed upon or stated in the instrument to be stamped.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par (2) Where the value as so agreed upon or stated includes without apportionment the value of any property other than that whose value requires to be determined for the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 purposes of stamping the instrument, the }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall apportion the value so agreed upon or stated between the several properties in proportion to their actual values, and the provisions of this section shall apply accordingly.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9200445 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid9200445 PART IV}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 - CONVEYANCE DUTY \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9200445 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Conveyances \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 54.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Inter}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 pr}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 e}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 t}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 ation}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - In this Act, unless the context otherwise requires, -}{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Conveyance}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 transfer}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , or }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 assignment}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means the transfer of any property from one person to another, whether by the owner of that property or by any other person}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 in}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the exercise of a power of sale, power of appointment, or otherwise howsoever: \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Conveyance on sale}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means a conveyance of property for valuable consideration, wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 ether by way of sale, exchange,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or otherwise howsoever: \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Voluntary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 conveyance}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means a conveyance of property otherwise than for valuable consideration, but does not include the grant of an occupation right under}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 section 50 of the Cook Islands Amendment Act 1946. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 55}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Grant of licence i}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 n}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 res}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 ect of inventions, etc. deemed to be a }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 c}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 onve}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 y}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 ance}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - For the purposes o}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 f}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 this}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Part }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9200445 of this Act where }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 every instrument whereby any person is granted any right, privilege, or licence in relation to any invention, design, or trade mark, or in relation to any work in respect of which copyright su}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 b}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sists, or in relation to any}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 trade secret or secret process }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall be deemed to be an instrument of conveyance of that right, privilege, or licence from the person}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 by wh}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 om it is granted to the person }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to whom it is granted, and conveyance duty shall be charged and payable accordingly.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 56.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Conveyance for}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid9200445\charrsid9200445 inadequate consideration}{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 When a conveyance o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9200445 f }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 p}{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 roperty is made for a consideration which is }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 inadequate having regard to the value of that property, the conveyance}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall be deemed to be a conveyance on sale to the extent of that consideration, and also a voluntary conveyance to the extent of the value of the property after deducting the amount or value of the consideration.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14243054 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 57}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Rates of duty on }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid9200445 c}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 onve}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid9200445 y}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 ances}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Instruments of}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 conveyance }{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 shall be charged with }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 valorem stamp duty (herein referred to as conveyance duty) at the following rates, which in the case of conveyances on sale shall be computed on the value of the consideration, and in the case of v oluntary conveyances shall be computed on the value of the property conveyed}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 :}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid529855 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Conveyances not}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 expressly made subject to any o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ther rate}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of conveyance duty or not expressly exempted from conveyance duty - one dollar for every one hundred dollars or fractional part of one hundred dollars}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2307492 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 (b) Transfers of mortgages, debentures, or of money payable or to become payable, or of any thing in action, or of any interest in a trust fund }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 thirty five cents for every one hundred dollars or }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 fracti}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 onal part of one hundred dollars in cases where the value on which duty is computed exceeds forty dollars,}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 w}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 elve cents in cases where the value on which du}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 t}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y is compute}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 d does not exceed forty dollars;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (c) Transfers of shares or of any equitable interest in shares - thirty-five cents for every one hundred dollars}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or fractional}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 part of one hundred dollars in }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 cases where the value on which duty is computed exceeds forty dollars and twelve cents in cases where the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 value on which}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duty is computed does not exceed forty dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 58.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Transferee}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid9200445 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 rim}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 a}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 ril}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 y}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid9200445 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 liable for dut}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8631 - The person}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 primarily}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 li}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ab}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or conveyance duty s}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 all be the transferee.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 59.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Exem}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 tions from conveyance dut}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 The following con}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 veyan}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 es shall be exempt from conveyance duty:}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a) A transfer of the legal ownership of chattels or other property }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 transferable by delivery merely;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) A conveyance by way of security merely, and any reconveyance of property so conveyed on the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 di}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 scharge of the security;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ) A c}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 onveyance from a trustee to a t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 ustee on the appointment of a n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ew trustee or on the r}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 tirement of a trustee;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (d) A conveyance by a trustee, executor, or administrator to a beneficiary, devisee, legatee, appointee}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 under}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a power of appointment, or a success or on an intestacy, whether of property to which the beneficiary, devisee, legatee, appointee, or successor is entitled under the trust, will, or intestacy, or of other property in substitution therefor, to the extent of the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 value of the prop}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 erty to which he is so entitled;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid529855 (e) A conveyance of property t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o be held on a charitable trust in the Cook Islands}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 (or elsewhere);}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (f) A transfer of the legal ownership of shares in an overseas company (except shares registered in any branch register kept in the Cook Islands by a company registered pursuant to Part XII of the Companies Act 1970); \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (g) A transfer of t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 he legal ownership of shares in }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a Cook Islands company, if the shares are registered in a branc}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 register kept elsewhere than in the Cook Islands under any statutory provision in that behalf}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (h) A transfer of a }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 policy or contract of assurance;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (i) A transf}{\fs24\lang2057\langfe5129\langnp2057\insrsid1117403 er of the legal ownership of a s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 hip or of any share therein;}{\fs24\lang2057\langfe5129\langnp2057\insrsid1117403 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1117403 {\fs24\lang2057\langfe5129\langnp2057\insrsid1117403 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid1117403 (j)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 A transfer of the legal ownership of bonds, debentures, inscribed stock and other public}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 securities issued by the Crown;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9200445 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (k) A deed of assignment within the meaning of section 100 of this Act.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2307492 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 [}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Amended Act 1984/4; Act 1989/16; Act 1992/3}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ] \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid14243054 60.}{\fs24\lang2057\langfe5129\langnp2057\insrsid9579326 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{ \i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2307492 [Repealed Act 1981-82/25] \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 61.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 C}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid9200445 onveyance duty on property subj}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 ect to }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid9200445\charrsid9200445 change}{\fs24\lang2057\langfe5129\langnp2057\insrsid9200445 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 A}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 con}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 ve}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 yan}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e w}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ere }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 an} {\fs24\lang2057\langfe5129\langnp2057\insrsid6695925 y property}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ans}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 f}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 erre}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 d t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o any p}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 on}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 subject, whether certainly or c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tin}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tly, to any mort}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e, charge, or other security for money owing or to become o}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 w}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ing shall, to the}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 ext}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ent of the sum secured by the mort}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e, charge, or security together with the further consideration, if any, given for the property), be deemed to be a conveyance on sale; and the said sum shall be deemed to be the whole or part, as}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 the case ma}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y be, of the consideration for the sale, and conveyance duty on the instrument of conveyance shall be c}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 omputed and charged accordingly. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 62.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 Con}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid9200445 veya}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid9200445 nce duty where consideration payable}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 )}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 When the consideration or any part of the consideration for a conveyance on sale consists of money payable periodi cally the instrument of conveyance shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 charged with conveyance duty on the present value of the consideration.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) If and so far as the consideration as so computed is inadequate, having regard to the value of the property conveyed the instrument of conveyance shall be charged with}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 stamp duty as one of voluntary conveyance. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 63.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Conveyance duty where value of consideration not}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid11406249\charrsid4724759 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid4724759 ascertainable}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid11406249 T}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o t}{\fs24\lang2057\langfe5129\langnp2057\insrsid11406249 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e extent to which in }{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 he}{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 opinion of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the value of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 on}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12528184 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ider}{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tion for a conveyance on sale is not ascertaina}{\fs24\lang2057\langfe5129\langnp2057\insrsid3636417 ble with reasonable accuracy, he}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 may, in assessing duty on the instrument}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12528184 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of conveyance, disregard that consideration and treat it as if it did not exist, and in any such case the instrument shall be deem to be one of voluntary conveyance to the extent of any resulting inadequacy in the consideration therefor; and shall be ch}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12528184 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 rge}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 accordingly, or he may assess the instrument of conveyance with a fixed duty of ten dollars in respect of the consideration so far a}{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 it is so deemed to be unascertainable.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184 (2) In any suc}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 h case the like jurisdiction may be exercised b}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 y}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the Hi}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 gh}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Court as on appeal fro}{\fs24\lang2057\langfe5129\langnp2057\insrsid12528184 m any other assessment made by th}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 . \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16743381 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 64.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Conv}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 eya}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 nce dut}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 y}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 where conveyance mad}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 e}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 at request}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 of inter}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 m}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ed}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 ia}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ry}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 When property is convey}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 ed}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 by one person to another -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4724759 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a) By the direction or at the request, or with the consent of a third person (hereinafter called the }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 intermediary) who, under an}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 agreement of sale or a trust or otherwise howsoever, has the right to call for a conveyance of the property to himself or to any other person; or}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4724759 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) In pursuance of any derivative title obtained by the transferee from or }{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 through the intermediary by way }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of an agreement of sale or otherwise howsoever -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the instrument of conveyance shall be subject to conveyance duty as if it wer e both a conveyance of the property by the transferor to the intermediary and also a conveyance of the property b}{\fs24\lang2057\langfe5129\langnp2057\insrsid2114705 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the intermediary to the transferee.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 2) Every}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 such instrument of }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 conveyance shall recite the fact of the direction, request, consent, or der ivative title; and, if the instrument is executed without the recital every person executing the same shall be liable on conviction to }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 fine not exceeding one hundred dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 65.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Transfer of}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 shares to}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 disclose name of transferee}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 - Ev}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ery person}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 who, whether as transferor or transferee, executes a}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument of transfer of shares not having the name of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 r}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ansferee written therein in ink at the time of or before the execution of the instrument by the transferor, and every person who after any such instr ument has been executed by the transferor inserts therein the name of any person as the transferee, shall be liable on conviction to r4na }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ot exceeding one hundred dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4724759 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 A}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 g}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 reements of Sale \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4724759 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 66.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Conveyance duty on a}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid529855\charrsid4724759 gr}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 eements of sale}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Every instrument of agreement of sale of any property (other than shares) which has been executed as provided in section 67 of this Act shall be charged with the same conveyance duty as if it were a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid529855 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument of the actual conveyance on sale of that property, and all the provisions of this Act as to conveyances on sale shall app }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 ly}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 accordingly.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Agreement of sale}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means an agreement for the conveyance on sale of any property, whether by way of actual}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4722706 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sale, excha}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 nge}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , or otherwise howsoever for valuable cons}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 ideration. \par \par (3) }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Seller}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means the person by whom property is to be transferred under an agreement of sale, and }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 purchaser}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means the person to whom property is to be transferred under an agreement of sale.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (4) }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Instrument of agreement of sale}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 includes any document signed or otherwise executed by the seller or his agent and constituting an agreement of sale, or containing as offer}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of sale, or containing an acceptance, of an offer of purchase,}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or conta}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 in}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 in}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 g}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 an acknowledgment of the existence }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 of an agreement of sale made by }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the seller, whether }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 the document is or is not suffic}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4722706 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nt in itself to make the agreement binding on the seller. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 67.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Ex}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4722706\charrsid4724759 e}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 c}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4722706\charrsid4724759 u}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 tion of}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid4724759 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4722706\charrsid4724759 ag}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 reements of sale}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - For the purpose of st}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mp duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 very instrument o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4722706 ag}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ement of sale shall be deemed to have been executed so soon as it has been signed or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 otherwise executed by the seller or his agent if the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 ag}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 re}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ment is thereb}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 y constituted or if}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 already in existence, and in all other c}{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706 ase}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s the instrument shall be deemed to have been executed so soon as the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4722706 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 greement becomes binding on the seller, whether by acceptance on the part of the purchaser or otherwise.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4722706\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 68.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Duty where two or more a}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 g}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 reements in res}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 p}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ect of one }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid4724759 transaction}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 W}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 here two or more instruments of agreeme}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t have been executed in re}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 sp}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ect of the s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 ame agreement of sa}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 le it shall be sufficient if }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ny one of }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 them is presented for stamping }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and stamped with conveyance duty, together with}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 such penalty, if any, as may have been already incurred by rea}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 on of }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 d}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ef}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ult in presenting the earliest of the instruments for st}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mping. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 69.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Exe}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 m}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ption of subsequent conveyance}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - If the } {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 is }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 atisfied that a purchaser has duly paid conveyance duty on an agreement of s}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 ale in accordance with the foreg}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 oin}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 provisions, an instrument of conveyance of the propert}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to that purchaser in pursuance of the agreement shall be exempt from conveyance duty, and shall be charged with a du}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y of thirty cents in lieu thereof.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 70.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 Exemption of ag}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 reement if conve}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 yance ex}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ec}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 u}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 t}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 e}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 d within three months}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - When an agre}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 men}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 f }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 al}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e }{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 is carried into }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 effect }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 in}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 whole or in part by the execution of an}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument of conveyance to the purchaser, which is executed}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8606931 and}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 presented for stamping within three months after the execution of the ins trument or earliest instrument of agreement of sale, the instrument of conveyance on sale,}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and the instrument of agreement shall thereupon to the extent to which it has been}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 so carried into effect become exempt from duty. }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 71.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Purchase on behalf of }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid4724759 company}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 Where the Collector is satisfied }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 HYPERLINK http://that.an }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid14758245 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2000000068007400740070003a002f002f0074006800610074002e0061006e002f0000000000000000000000}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 that}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 an}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument of}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 agreement of}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sale duly stamped with conveyance duty was made by the purchas}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r for and on behalf of a company about to be incorporated, the company when incorporated shall be deemed to be itself the purchaser for the purpose of determining the stamp duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 payable on a conveyance of the property to the company in pursuance of the agreement.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 72.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 A}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 g}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 re}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 e}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ment of sale to vest e}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 q}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 uitable interest in}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 purchaser}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 E}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ve}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 ry agreement of sale of any prop}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 erty shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 , }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 for the purpose of conveyance duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 be deemed to vest in the purchaser and in every assignee of the purchaser the equitabl}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 e }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ownership of that property, subject to a charge securing the consideration payable to th e original seller; and every assignment or contract of assignment of the benefit of an agreement of sale by the purchaser or an assignee of the purchaser shall be deemed accordingly to be an agreement of}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 al}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e of that equitable interest, subject to such charge as aforesaid, and conveyance duty shall be computed and charged on every su}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 h assignment or contract of assignment accordingly.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) This section shall not apply to an assignment }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r contract of assignment of a mere option or right of purchase or acquisition, and every such assignment or contract of}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 assignment shall be charged accordingly with conveyance duty in respect only of the consideration for the option or right of purchase or acquisition.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14243054 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid14243054 73.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Surrender without consideration}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid4724759 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 de}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 emed a voluntary conveyance}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 T}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 he surrender or release o any}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 right, title, estate, or interest without consideration shall be deemed to be a voluntary conveyance of that right, title, estate, or interest to the person in whose favour the surrender or release is made;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and any such surrender or release for an inadequate consideration shall in like manner be deemed to be a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 voluntary conveyance, to the extent of the inadequacy;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and the instrument of surrender or release shall be chargeable with }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 onveyance duty accordingly.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 74}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Surrenders of leases when new leases are }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 g}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 rante}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Subject to the provisions}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 of section 73 of this Act, w}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 here the lessor under any lease within the meaning of Part VI}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of this Act accepts a surrender of the lease in respect of the whole or any part of the land comprised in the lease and grants to t }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e lessee}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 ,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 under the lease a new lease or new leases of the }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 land comprised in the surrender}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , the instrument of surrender }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 HYPERLINK http://shah.be }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid14758245 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2000000068007400740070003a002f002f0073006800610068002e00620065002f000000000000000000001d}} }{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 sha}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 ll}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 be}}}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 charged}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 with a stamp}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 uty of one dollar and fifty cents. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) I}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any such case the surrender shall not be deemed } {\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 HYPERLINK http://tb.bo }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid14758245 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b1c00000068007400740070003a002f002f00740062002e0062006f002f0000000072000000000000}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid14758245 to }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 b}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 a }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 consideration for the new lease or new leases for the}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 purposes }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of section 91 of this Act, but, except as }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 HYPERLINK http://provided.in }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid14758245 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2800000068007400740070003a002f002f00700072006f00760069006400650064002e0069006e002f0000000000000000000053}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 provided}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14758245 in}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 this }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 subsection, nothing in this section shall be construed to r}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 strict the operation of the said section 91. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3) For the purposes of this section the expressions }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 lessor }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 l}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 essee}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall be deemed to include their respective su}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14758245 cc}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 esso}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 in title.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid14243054 75.}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 De}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 c}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 laration of trust chargeable as conve}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid14758245\charrsid4724759 y }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ance}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) A declaration of trust of any property shall be charged with }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4724759 one-}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 half of the conveyance duty as if it were an instrument of }{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 conv}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 eyance of the equi}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 table title to that property by}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the creator of}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid14758245 he}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 trust to the beneficiaries, save that duty shall be charged wider this section on the value of all property comprised in the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 trust,} {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 notwithstanding that a transfer of that property or of any portion thereof would be exempt from conveyance duty by virtue}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of the provisions of section 59 of this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Decl}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ration of trust}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means an instrument creating an express trust or acknowledging the existence of a trust already created, whether the instrument is executed by the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 creator }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 f the trust}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 or by the trustee,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nd whether the creator o}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 f the}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 trust and the trustee are the same or different persons.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3) A declaration of trust which is contemporaneous with an instrument of conveyance of the trust property by the creator of the trust to the trustee shall be exempt from conveyance duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to the extent to which the duty has been paid on the instrument of conveyance, and shall be charged with a duty of one dollar and}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 fifty cent}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 lieu thereof.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Nothing in this section shall apply with respect to }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4724759 any declaration of trust }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 expressed to comprise the goods, or}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4724759 any}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of the goods, to which any bill of lading or other shipping do}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 um}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 en}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t relates. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (5) Every declaration of trust in respect of property to be held on a charitable trust in the Cook Islands or elsewhere shall be exempt from duty under this section.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid14243054 76.}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid404030 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid404030 Du}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid404030 ty}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid404030 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid404030 on ins}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid404030 t}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid404030 r}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid404030 umen}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid404030 ts executed in}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid404030 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid404030 exercise of }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid404030 power of appointments}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid404030 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid404030 An instrument by which a power of appointment is exercised in respect of any property shall be charged with a duty of one dollar and fifty cents.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid404030 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 77.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Duty on share warrants}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Every share warrant issued by a Cook Islands company under the authority of the Companies Act 1970 shall be charged with stamp duty of an}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 amount equal to three times the amount of the conveyance duty that would be chargeable on an instrument of transfer of the share or shares or stock specified in the warra nt if the consideration for the transfer was the nominal value of the share or shares or stock.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) Every}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 such share warrant shall before the issue thereof be}{\fs24\lang2057\langfe5129\langnp2057\insrsid404030 presented for stamping by the I}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nland Reve}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4724759 nue Department. \par \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 If any such share warrant is is}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sued}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 without being stamped as aforesaid, the company issuing the same, and also every person who at the time of issue is the managing director or secretary or other principal officer of the company, shall be liable on conviction to a fine not exceeding one hundred dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid14243054 78}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Duty on instru}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid4724759 ment of nomination for paid-up s}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 h}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid4724759 a}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 res}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 } {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 In this section }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 pa}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 id-up s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 hares}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means shares in a Cook Islands company issued as fully or partially paid up for any consideration other than cash actually paid to the company by the person to whom the shares are issued.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) In this section }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument of nomination}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means an instrument whereby any person who by contract or otherwise is entitled to call for the issue and allotment of paid-up}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shares to himself or to any other person directs or authorises the company to issue or allot }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 an}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y such shares to any person other than himself and includes an instrument whereby any person who by contractor otherwise is entitled to the payment of any money by a Cook Islands company directs or authorises the company to apply the whole or any part of that money in or towards the consideration for the issue or allotment of paid-up shares in the}{\fs24\lang2057\langfe5129\langnp2057\insrsid1520562 company to any person other the}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n himself.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3) An instrument of nom ination shall be deemed to be an instrument of conveyance of the shares by the person executing the instrument to the person in whose favour the direction or authority is given, and conveyance duty shall be charged thereon accordingly. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (4) Saving}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 in }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 pursuance of a duly stamped }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 instrument of nomination, it sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 l}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 l not be lawful for any Cook Islands company to issue or allot any paid-up shares to any person other than the person from whom the consideration for the shares has been received or is receivable. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 If any shares are issued or allotted in breach of this section the company, and also every director or officer of that company who is knowingly concerned in the issue or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 allotment, shall be liable on conviction to a fine not exceeding one hundred dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid14243054 79.}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid4724759 Duty on issue of shares pursuant to direction of person entitled thereto}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 An }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument whereby any person who, by contract or otherwise, is entitled to call for the issue and allotment to himself or to any other person of shares}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 in a Cook Islands company (not being paid-up shares within the meaning of section 78 of this Act) directs or authorises the } {\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15337718 HYPERLINK http://company.to }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid15337718 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2600000068007400740070003a002f002f0063006f006d00700061006e0079002e0074006f002f000000006c000000000000}}}{\fldrslt { \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15337718 company to}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 issue or allot any such}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shares to any person other than himself shall be chargeable with conveyance}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duty as if it were an instrument for the transfer of an equitable interest in shares. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 80.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Reco}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid4724759 ns}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 tr}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid4724759 u}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 ction of }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid4724759 co}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 m}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid4724759 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 anies }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - The }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 Collector}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 may exempt any instrument from conveyance duty if he is sati}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16142663 sf}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ie}{\fs24\lang2057\langfe5129\langnp2057\insrsid16142663 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 that the conveyance is merely a necessary incident in a scheme for the reconstruction of a company, and that the shareholders in the new company are substantially identical with the shareholders in the old company and hold the capital of the new company in substantially the same proportions as in the old company. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 81.}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid14243054 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Partnership}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) When, on the constitution of a partnership, a partner acquires a share in the partnership assets in consideration of his services as a partner or in}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 consideration of any contributions made by him to those assets, the acquisition of that share shall not}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 for the purposes of conveyance duty, be deemed to be a conveyance thereof to that partner b}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 y the other partner or partners}{\fs24\lang2057\langfe5129\langnp2057\insrsid1520562 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and the instrument of partnership or other instrument whereby that share is acquired shall be e}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 xempt from conveyance duty ac}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 cordin}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 g}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 l}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , and sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 all in lieu thereof be charged w}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ith a duty of one doll}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r and fifty cents.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 Nothing in this section shall exempt any instrument from conveyance duty so far as the share so acquired in the partnership assets is acquired for any consideration other than aforesaid or for any consideration which is inadequate. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 82.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 Refund of conve}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid16142663\charrsid4724759 ya}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4724759 nce dut}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid4724759 y}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4724759\charrsid4724759 where agreement or conveyance rescinded}{\fs24\lang2057\langfe5129\langnp2057\insrsid4724759 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4724759 Conveyance duty paid }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 on a conveyance or on an agreement of sale, together with any mortgage duty which may have been paid in respect of any agree}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ent } {\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o mortgage that may b}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 e contained in the agreement of}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1520562 sale, as the case may be, has not been carried into effect, whether directly or indirectly, }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 in favour of the transferee or purchaser or of any person claiming under the transferee or purchaser or otherwise, and}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 had been res}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 cinded:}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Provided that no such refund s}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 hall be made unless the duty in}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 v}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 lved }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 exceeds one dollar }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and application f}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 or the refund is }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 made}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 by the pe}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 rson entitled thereto within six years after the }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 day }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of the execution of the instrument or earliest instrument of}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 agreement }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of sale or,}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 where there is no agreement of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sale, wit}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 hin}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 six years }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 after the day of the execution of the instrument of conveyance. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid986280 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 P}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid986280 A}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 RT V - MORTGAGE DUTY \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 83.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Inter}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid986280 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 r}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid986280 e}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 tation}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) In this Act, unless the context}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 otherwise requires,}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 th }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e term }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mortgage}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means a mortgage of lend, and includes -}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a) Any instrument}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 cre}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ting any legal or equit}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 able mortgage, charge, or othe}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r security over land for the payment of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 money owing or to become owing;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) Any written }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 st}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 u}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ment }{\fs24\lang2057\langfe5129\langnp2057\insrsid1520562 to grant any such mortgage, charge}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 , or security.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) The terms }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mortgagee}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mortgagor}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 have meanings corresponding to that of mortgage as so defined. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 84}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid14243054 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid986280\charrsid986280 Duty in respect of mortgages and discharges}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid986280 (1) Every mortgage of land shall be charged with a stamp duty of fifty cents (in this Act referred to as mortgage duty), for which the mortgage}{\fs24\lang2057\langfe5129\langnp2057\insrsid5208921 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid986280 shall be the person primarily liable. \par \par (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Every discharge or partial discharge of a mortgage shall be charged with a duty of fifty cents. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3) A gener}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 al}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 exemption from stamp duties contained in an Act shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 construed subject to the provisions of this section. \par \par (4) No stamp duty shall be payable on any debenture or bond for the payment of money issued by any body corporate and charged upon land. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 85.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid986280\charrsid986280 Where agreement to mortgage followed by actual mortgage}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 (1) }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Where a written agreement to grant}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mortgage has been duly stamped, an actual mortgage thereafter executed in pursuance of the agreement shall be exempt from}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mortgage duty, and shall in lieu thereof be charged with a duty of fifteen cents. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 W}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 here an actual mortgage executed in pursuance of an agreement to mortgage is presented for stamping within three months after the day of the execution of the agreement to}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 mortgage, the mortgag}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 may be stamped with mortgage duty, and the agreement to mortgage shall thereupon, to the extent to which it has been carried into effect by the execution of the mort}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 gag}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e, be exempt from duty. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 86.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Mortgages sub}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid986280 j}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 ect to mortgage duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Mortgage duty}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall be c}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 arged -}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a) On every mortgage, wherever executed, which}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15337718 }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15337718 HYPERLINK http://operates.as }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid15337718 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2800000068007400740070003a002f002f006f0070006500720061007400650073002e00610073002f0000000072000000000000}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 operates }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15337718 as}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a security over}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any land situated in the Cook Islands}{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) On every mortgage of land securing money payable in the Cook Islands. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 87.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Instrument varying terms of mortgage}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Any instrument by which the terms o}{\fs24\lang2057\langfe5129\langnp2057\insrsid5208921 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any mortgage of land are varied or}{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 agreed to be varied shall be charged with a stamp duty of fifty cents.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 (2) The mortg}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 agee shall be the person primarily liable for the payment of stamp duty in respect of any instrument to which this section refers. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15337718 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14243054 88.}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{\i\fs24\lang2057\langfe5129\langnp2057\insrsid986280\charrsid2307492 [Repealed Act 1981-82/25]}{ \i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2307492 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4731201 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 PART VI - DUTY ON LEASES AND LICENCES \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 89.}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid4731201 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 Interpretation -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 In this Part of }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 this Act, unless the context oth}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 erwise requires, -}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4731201 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Lease}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means an instrument, wherever executed, whereby a leasehold interest in land is created, whether at law or in equity}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2307492 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4731201 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Licence}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means an instrument, wherever executed, creating at law or in equity any easement over land, or any right, privilege, or licence, entitling}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the grantee to enter upon land, or to use the same, or to take timber, miner}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 als, or other profits therefrom;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4731201 {\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Land}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means land situated in the Cook Islands. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 90.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Dut}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 y}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 o}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 n}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 leases where consideration consists of rent -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (1) Every }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ease}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid986280 hall}{\fs24\lang2057\langfe5129\langnp2057\insrsid5208921 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 so far as }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the consideration therefor consists of rent, be char}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 ged with ad valorem stamp duty }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 computed at the rate of thirty-five cents for every one hundred dollars or fractional part of one hundred dollars of the maximum rent which is or may become payable under the lease in any year. \par \par (2) Where a lease is granted for a term less than one year, the duty payable under this section shall be computed as if the rent which is or may become payable under the lease for the term thereof were a yearly rent. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 91.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Duty on leases in other cases}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - A lease shall, so far}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 as the consideration therefor c}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ons}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sts of any premium, fine, or other consideration whatsoever other than rent, be charged}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 with ad valorem stamp duty computed on that consideration at the rate of thirty-five cents for every one hundred dollars or fractional part of one hundred dollars. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 92.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Duty on leases where rent on renewal to be fixed b}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 y}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 valuation}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 I}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 n the case of a lease at a specified rent for a spec}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 ifie}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 d period or series of periods, with provision for the rent subsequent to the last of those periods being fixed by valuation or otherwise,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duty shall be assessed on the highest fixed rent specified in the lease; and if the new rent when fixed by valuation or otherwise as aforesaid exceeds the rent upon which duty was originally assessed, duty on the excess}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall then be payable;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and the lease, with a memorial thereon acknowledging the increased rent, signed by the parties and dated, shall then be presented for stamping accordingly in like manner and subject to the like provisions as to penalties and otherwise as in the case of the original assessment. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 93.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Lessee }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 p}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 rimaril}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 y}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 liable for duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - The lessee shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the person primarily liable}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 f}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or the }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 uty chargeable on a lease. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 94.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Licences}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Every licence shall for the purposes of this Act be}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 eemed to be a lease by the grantor of the licence td the grantee, and shall be charged with duty accordingly. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) In the application to licences of the provisions of this Part of this Act with respect to leases, every consideration which would have been rent if the licence had}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 been a lease shall be }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 HYPERLINK http://deemed.to }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid4731201 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2400000068007400740070003a002f002f006400650065006d00650064002e0074006f002f0000000000000000000002}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 deemed }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 to}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 be rent, and duty shall be charged accordingly. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 95.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Cons}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 ideration for lease not to be app}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 ortioned in}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 computing duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 T}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 he duty chargeable on a lease or licence shall be computed on the total consideration therefor without apportionment, notwithstanding the fact that the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 consideration }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or any part thereof may represent the purchase money or stay be otherwise payable in respect of any timber, minerals, or other things attached to or forming part of the land and purchased or removable by the lessee or licensee. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) Industrial growing crops shall not be deemed to}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 be things attached to or}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 forming part of the land for this purpose. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 96.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Duty on lease comprising land and chattels}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - When a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 lease or licence includes not merely land but}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 so chattels or other property, the stamp duty computed in respect of the rent shall be computed on the whole rent without apportionment. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 97.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Lease to include }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 goodw}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 ill}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - The goodwil}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5208921 l of any trade, profession, busi}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ness, or other undertaking carried on upon am l}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 and,}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall for the purposes of this Part of this Act be deemed}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 to be an interest in land and to be included in an}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 lease or licence granted in respect of the land, and duty shall be chargeable accordingly on the consideration (if any) for an}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 such goodwill. \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 98.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 Agreements for leas}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 e}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 (1}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ) An instrument of agree}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ent for a lease or}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 li}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 cence }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 sh}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 all for the purposes of stamp duty be deemed to be an actual lease or licence, and duty}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shall be charged thereon accordingly.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Where an instrument of ag}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 reement for a lease or licence}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 has been duly stamped with ad valorem duty, an actual lease or licence thereafter executed in pursuance of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 agreement and in favour of the lessee or licensee under the agreement shall be exempt }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 HYPERLINK http://from.ad }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid4731201 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2000000068007400740070003a002f002f00660072006f006d002e00610064002f0000000000000000000090}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 from }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 ad}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 valorem duty, and sha}{\fs24\lang2057\langfe5129\langnp2057\insrsid13969293 ll in lieu}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 thereof be charged with a duty of twelve cents.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 99.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 Addi}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 tional}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 duty o}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 n}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 increase of rent}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - Every instrument whereby the rent or other consideration for a lease or licence is increased or agreed to be increased sh}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ll be deemed to be a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 ne}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 w lease or licence for a consideration equal to the amount of the increase and shall be charged with duty ac cordingly.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4731201 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 P}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid4731201 ART VII - M}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 ISCEL}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid4731201 L}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 A}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid4731201 NEO}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid4731201 US STAMP DUTIES \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid986280 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Deeds of Assignment \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 100.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Dut}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid986280 y}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid986280 on}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 deeds of assignment}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 Every deed of }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 ignment shall be charged }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 with a s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 amp duty of seven dollars.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par \par (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 For}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the purposes of this section }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 deed of assign}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 m}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 en}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 m}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 eans any deed or other instrument executed by a}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y person and providing or purporting to provide in any way for the distribution of the whole or any part of the property of that pers}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 amo}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ngst the whole or any of}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 his creditors for the purpose o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 f obtaining a release of the debts due by him to them; but it does not include -}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a) Subsequ}{\fs24\lang2057\langfe5129\langnp2057\insrsid13969293 ent and supplementary deeds or i}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 nstruments executed by any such person in favour of or at the}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 request of the trustees for the purpose of effecting the distribution, or giving effect to the arrangement contemplated by the deed of assignment; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) Deeds of composition for the benefit of creditors. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3) Every deed or instrument that is excluded from the definition of the term }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 deed of assignment}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 by paragraph }{ \fs24\lang2057\langfe5129\langnp2057\insrsid13969293 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a) of subsection (2) of this section shall be charged with duty under section 102 of this Act, and not otherwise.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid986280 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Deeds Not Otherwise Charged \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 101.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid986280 Dee}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 ds not otherwise }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid986280 c}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 har}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid986280 g}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 ed}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) With the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 exceptions se}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 t forth in this section }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a deed of any kind wh}{\fs24\lang2057\langfe5129\langnp2057\insrsid13969293 atever relating to any property}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 situated in the Cook Islands, or to any matter or thing done or to be done in the Cook Islands, shall be charged with a duty of one dollar and fifty cents for which all}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 parties thereto shall be}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 primarily}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and jointly and severally liable:}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Provided that where an}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 instrument chargeable with duty under this section is expressly exempted from any ad valorem duty chargeable under any other provision of this Act the duty charged under this section shall not exceed the amount of the ad valorem duty that would have been payable if the instrument were not exempt from that ad valorem duty.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) The following instruments shall be exempt from}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 duty under this section:}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5731939 ) Any deed of apprenticeship;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) Any deed ch}{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 arged with any other stamp duty;} {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (c) Instruments by way of security within the meaning o}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 f the Chattels Transfer Act 192}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 4; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any transfer of the legal ownership of chattels or other property transferable }{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 by delivery merely;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (d) Instruments charging property other }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 than }{\field\fldedit{\*\fldinst {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 HYPERLINK http://land.as }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid2753123 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2000000068007400740070003a002f002f006c0061006e0064002e00610073002f0000000000000000000000}} }{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 land}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 as}}}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 security for the payment of money or for the performance of}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any obligation;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 variations, discharges}{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 , or partial discharges thereof;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e) Instrumen}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2307492 ts of hypothecation of chattels}{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (f) Policie}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 s}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 or}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 contracts of insurance,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and transfers or mortgages of policies or contracts of assurance; and variations, discharges, or partial d}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5731939 ischarges of any such mortgages;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (g) Bonds, debentures, and other public securities }{\field\fldedit{\*\fldinst { \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 HYPERLINK http://issued.by }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid2753123 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2400000068007400740070003a002f002f006900730073007500650064002e00620079002f0000000000000000000000}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 issued }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 by}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the Crown, or any transfer}{\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 of the legal ownership thereof; }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (h) Any}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 transfer of the legal ownership of}{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 a ship or of any share therein;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (i) Any declaration of trust in respect}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of property to be held on a charitable trust in the Cook Islands or elsewhere}{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 j}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 Any charter party;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 k}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Any agreement by a person to answer to anoth}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 e}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 r person for the debt, default, or liability of a third person.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid14894781 101}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid14894781 A.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Non application of Act to offshore instruments}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) Except as provided in this section, this Act shall have no application to any offshore instrument or to any conveyance, mortgage or other transaction, property or thing effected or evidenced thereby.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) Any party to an o}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid13969293 fshore instrument may, if h}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e wishes present that offshore instrument }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 t}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o the Collector who shall, if so requested stamp that instrument not liable.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (3) In this section the expression: \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 offshore instrument}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means any instrument to which either: \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 i)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 an international entity is a party; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 (i}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 i)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 which is made for or in respect of any international entity, or any legal or beneficial interest in an international entity; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (iii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 which is made in respect of any matter or thing to be done by or for an international entity}{\fs24\lang2057\langfe5129\langnp2057\insrsid8981852 ,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid5731939 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 and includes any transfer or conveyance of any legal or beneficial interest in an international entity and any power of attorney granted in connection with the business of an international entity or in respect of any legal or bene ficial interest in an international entity. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 international entity}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 means}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 :}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (i) an international company incorporated under the International Companies Act 1981-82 and a foreign company which takes the benefit of section 249(2) of that Act and includes}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 in respect of an instrument any}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 officer (as defined in }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 that Act) or member of such a c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ompany who is or becomes party to that instrument as such;}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 an international trust registered under the International Trusts Act 1984 and includes in respect of an instrument any trustee, donee, protector, custodian, beneficiary or}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 other similar party to or beneficiary of an international trust who is or becomes pa}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 rty to that instrument as such; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (iii) an international partnership registered under the International P artnerships Act 1984 and includes in respect of an instrument any partner of such a partnership who is or becomes a party to that instrument as such; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13969293 {\fs24\lang2057\langfe5129\langnp2057\insrsid13969293 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid986280 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (iv)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a person licensed under the Offshore Banking Act 1981 or the Off-Shore Insurance Act 1981-82 in resp ect of any instrument made in pursuance of the activities for which that person is so licensed. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2307492 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 [}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid986280\charrsid986280 Added Act 1992/3}{ \fs24\lang2057\langfe5129\langnp2057\insrsid986280 ]}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid6828951 102}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid6828951 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 Dut}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid986280 y}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2516905\charrsid986280 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid986280 on }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 transfers of shares exempt from conveyance}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid986280 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid986280\charrsid986280 d}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid986280 u}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid986280\charrsid986280 ty}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Every transfer o}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shares or o}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 f}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y eq}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 uitable }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 interest in shares shall, if it is exempt from conveyance du}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 ty to be deed for the purposes of section 101 of this Act: \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Provided that where shares, in respect of which the holder has }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 right to have other}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 shares issued to him (whether or n}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t }{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 on}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid986280 p}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid986280 ymen}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t of any consideration for the other shares), are transferred by a duly stamped transfer of shares, the duty chargeable under that section on a transfer necessary to}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ve}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t t}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 ha} {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 t right or those other shares in the transferee shall not in }{\fs24\lang2057\langfe5129\langnp2057\insrsid15670696 any case exceed twelve cents.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Provided fu}{\fs24\lang2057\langfe5129\langnp2057\insrsid15670696 rther that this section shall not }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 apply to the transfer of shares in an overseas}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 company. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2307492 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 [}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 Amended Act 1984/4; Act 1989/16; Act 1992/3}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ]}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid10971802 10}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15670696\charrsid10971802 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15670696 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid15670696\charrsid15670696 Duty}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15670696\charrsid15670696 on partnership agreements}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15670696 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15670696 (1) Every instrument whereby a partnership is }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 constituted or dissolved or whereb}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid13969293 the terms}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 of a partnership are recorded or varied shall, i}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 sig}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ed or otherwise executed by or on behalf of a partner be deemed to be a deed for the purposes of section 101 of this Act.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) In this section the ter}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 partnership}{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 has }{\fs24\lang2057\langfe5129\langnp2057\insrsid15670696 the same }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 me}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 aning as in the Partnership Act 1908. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15670696 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 D}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid15670696 uplic}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 ates and Counterparts \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15670696\charrsid10971802 104.}{\fs24\lang2057\langfe5129\langnp2057\insrsid15670696 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid15670696\charrsid15670696 Duty on duplicates and counterparts}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15670696 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10518383 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid15670696 (1) }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 A dup}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 li}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 cate or }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ounterp}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 art}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 f}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 any instrument c}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 h}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 arge}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 with}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 duty and }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 d}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 ul}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 y}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 stamped shall be charged with the sa}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 m}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 e duty as the original instrument when that duty is lower than thirty cents; and in every other case shall be charged with }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 stamp }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 duty of thirty cents.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Duplicates a}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 nd}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 counterparts shall be stamped in the same manner as provided by this Act with }{\field\fldedit{\*\fldinst { \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 HYPERLINK http://respecc.to }{\fs24\lang2057\langfe5129\langnp2057\insrsid4216469\charrsid2753123 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b2600000068007400740070003a002f002f0072006500730070006500630063002e0074006f002f0000000000000000000000}}}{\fldrslt {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 respect }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 to}}}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 the original instrument.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15670696 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid15670696 PART VIII}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 -}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid15670696 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 MISCELLANEOUS PROVISIONS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid10971802 105.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 Application of Act}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) The provisions of this Act with respect to stamp }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 uty shall apply to all instruments which, within the meaning of this Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 , }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 are}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 executed after the commencement of this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) In the case of all other i}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 struments the provisions with respect to stamp duty contained in the regulations hereby revoked shall continue to apply as if those regulations remained in force.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid10971802 106.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 Duty paid under repealed Act}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - When the liability of an instrument to stamp duty depends in any manner on the payment of duty on any other instrument, the payment of duty on that other ins trument under the regulations hereby revoked shall have the same effect as the payment of the like duty under this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid10971802 107.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2307492 [R}{ \i\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2307492 epe}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2307492 a}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2307492 led}{ \i\fs24\lang2057\langfe5129\langnp2057\insrsid2307492 ,}{\i\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2307492 Act 1981-82/25]}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid10971802 108.}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 Rev}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4731201\charrsid15670696 oc}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid15670696 ati}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid15670696 on}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 - (1) The C}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 o}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ok Islands Stamps Duties}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2753123 }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Regulations,}{\fs24\lang2057\langfe5129\langnp2057\insrsid2516905 }{\fs24\lang2057\langfe5129\langnp2057\insrsid13969293 1931 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 are hereby revoked.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123\charrsid2516905 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 (2) Regulation 54 of the Cook Islands Co-operative Societies Regu}{\fs24\lang2057\langfe5129\langnp2057\insrsid2753123 la}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 tions 1953 is hereby revoked.}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5731939 {\fs24\lang2057\langfe5129\langnp2057\insrsid5731939 ----------------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid2516905 {\fs24\lang2057\langfe5129\langnp2057\insrsid5731939\charrsid2516905 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4731201 {\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 Th}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 is Act is administered by the D}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 epa}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 rtm}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 ent of In}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4731201 l}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 n}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 d Reven}{\fs24\lang2057\langfe5129\langnp2057\insrsid4731201 ue}{\fs24\lang2057\langfe5129\langnp2057\insrsid7157345\charrsid2516905 \par }}