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©State of Queensland
elating to and Consequent on the Introduction in Australia ecimal Currency
[ASSENTED TO 23 DECEMBER, 19651 IT ENACTED by the
advice and consent o by and with
ueensland in Parliament assembled, and by the authority of the same, as follows:-
* (1) Be. This Act may be cited as “The Decimal Currency Act of 1965.”
(2) 8. Except as herein otherwise provided, this Act shall come into operation on the fourteenth day of February, one tholusand nine hundred and sixty-six.
.
In this Act, unless the context otherwise indicates or requires the following terms shall have the meanings set against them respectively, that is to say:-“Appointed day”-The fourteenth day of February, one thousand nine hundred and sixty-six;
“Commonwealth Currency Act”--The Currency Act 1965 of the Commonwealth and includes any Act passed in amendment of or substitution for that Act;
“New currency9’-The currency provided for by the Commonwealth Currency Act;
“Old currency”-The currency provided for by the Coinage Act 1 909- 1947 of the Commonwealth;
“Statutory instrument”-Any instrument made, granted or issued under the authority of any Act including (but without l.irnit to the generality of meaning of the foregoing words of this definition) any Proclamation, Order in Council, regulation, rule, by-law, ordinance, or determination made, granted or issued under the authority of any Act.
to 670
h ame 6 7 ~ Act. ~ Where an Act of ~ ~ ~ c ~ titutes another provision for, a the CO (2)
provision of the Currency Act 1965 of the Commonwealth which is referred to in this Act, then the reference in this Act shall be construed as a reference to that provision as so amended or, as the case may be, to the other provision so substituted.
c. Nothing in this Act applies (a) ajudgment or ord court, judge, justice or tribunal
or person acting j
(b) any award under and within the meaning of “The Industrial Conciliation and Arbitration Acts, 196 1 to 1964”; or
(c) any award made on a submission to arbitration under the
“Interdict Act of 1867”.
n to the construction of, or affects the operation of-
w
a statutory instrument to an amount of money in the old currency shall, unless the context is such that it would be inappropriate or the contrary intention appears, be construed as a reference to a corresponding amount of money in the new currency, calculated on the basis of the equivalents specified in subsection (4) of section eight of the Commonwealth Currency Act.
here such a reference as is mentioned in subsection (1) of this section is to a percentage, rate or proportion expressed in terms of money, the reference shall be construed as a reference to an equivalent percentage rate or proportion expressed in terms of money in the new currency.
(3) For the purposes of this section a guinea is one pound and one shilling in denominations of money in the old currency.
c. With respect to-
(a) any payment that is made or any instrument within the meaning of “The Stamp Acts, 1894 to 1965,” that is made, executed or entered into in pursuance of section eighteen of the Commonwealth Currency Act;
(b) any receipt within the meaning of “The Bufalo Fly Control Acts, 1941 to 1965,” in respect of a sale of cattle that is made in pursuance of section eighteen of the Commonwealth Currency Act;
(c) any statement within the meaning of “The Swine Compensation Fund Acts, 1962 to 1965,” in respect of a sale of pigs that is made in pursuance of section eighteen of the Commonwealth Currency Act,
the provisions of “The Stamp Acts, 1894 to 1965,” and, in the case of any receipt referred to in paragraph (b) of this section, the provisions
THE DECIMAL CURRENCY ACT OF 1965 ss. 5-7 3
of
“The
SufaZo Fly Control Acts, 1941 to 1965,” and, in the case of any statement referred to in paragraph (c) of this section, the provisions of“The
Swine Compensation Fund Acts, 1962 to 1965,” shall apply and have operation and effect as if-(i) in the case of any payment mentioned in paragraph (a) of this section, .that payment had been made in;
(ii) in the case of any instrument, receipt or statement mentioned in this section, any reference therein to money were a reference to; and
(iii) in the case of any sale of cattle or of pigs mentioned in this section, that sale had been made in,
money in the new currency of an amount which, calculated on the basis of the equivalents specified in subsection (4) of section eight of the Commonwealth Currency Act, corresponds to the amount of the payment, reference or sale price in question.
ing any register, rument, which is made es of a law of the State (including such a ressed in the old t ‘shall, with such modifications as may be necessary, extend and apply thereto in t same manner as to a reference in a statutory instrument.
( 2 ) The person in whose custody any such document is kept may, where he deems it necessary or expedient so to do for administrative oses, substitute for any such reference the appropriate reference in the new currency.
s. Where an Act or statutory instrument contains a form that refers to an amount of money in the old currency, or provides for an amount of money to be specified in the old currency, a person using the form may fill it in in such a manner as to set forth the equivalent of that amount in the new currency.
ter may and is hereby authorised to substitute for any and every reference to an amount of money (including such a reference to a percentage rate or proportion) expressed in the old currency-
(a) a reference to the amount of money in the new currency to which such reference is, by reason of subsection (1) of section three of this Act construed to refer; or
4 s. 8 THE DECIMAL CURRENCY ACT
(b) (in any case where such reference is a reference to a percentage, rate or proportion expressed in terms of money in the old currency) a reference to the percentage, rate or proportion expressed in terms of money in the new currency to which such references, by reason of subsection (2) of section three of this Act, construed to refer.
(2) The authority conferred upon the Government Printer by this (a) to alter any tabular, columnar or other form in which any amount of money (including any percentage, rate or proportion in terms of money) is expressed in the old currency or which is for use in expressing any amount of money (including any percentage, rate or proportion in terms of money) in the old currency as necessary or convenient to express therein, or for the use thereof in expressing therein, in terms of the new currency, according to the reference substituted by the Government Printer, the amount of money, or the percentage, rate or proportion in terms of money, in question;
(b) to substitute for symbols recognised as denoting denominations of money in the old currency symbols recognised as denoting denominations of money in the new currency as necessary or convenient to denote denominations of the money in the new currency which comprise any amount (including any percentage, rate or proportion expressed in terms of money) therein according to the reference substituted by the Government Printer.
(3) The Government Printer shall, in a suitable place in an Act or statutory instrument, make a suitable reference to every substitution or alteration therein purporting to be made by him under the authority of this Act.
section includes authority-
cil. (1) The Governor in Council cil give such directions and prescribe such steps direction, step or thing which is inconsistent with this Act, as in his opinion are necessary or convenient for the administration of this Act or for carrying out its objects and purposes.
ithout in any wise limiting the generality of the foregoing provisions of this subsection Orders in Council may be made-
(a) resolving doubts or difficulties arising, or which in the opinion of the Governor on Council may arise, in respect of the correspondence (calculated on the basis of the equivalents specified in subsection (4) of section eight of the Commonwealth Currency Act) of amounts of money, or percentages, rates or proportions expressed in terms of money, in the old currency referred to in any Act or statutory instrument to amounts of money, or to percentages, rates or proportions expressed in terms of money, in the new currency;
THE DECIMAL CURRENCY ACT OF 1965 s. 8 5
(b) providing for the expression as a decimal fraction of one cent of any fraction of a cent which is or is included in an amount of money, or which is or is included in a percentage, rate or proportion expressed in terms of money, in the new currency which (calculated on the basis of the equivalents specified in subsection (4) of section eight of the Commonwealth Currency Act) corresponds to an amount of money, or to a percentage, rate or proportion expre in terms of money, in the old currency referred to in Act or statutory instrument.
(2) Notwithstanding anything in any Act or law or rule s f law, the power conferred upon the Governor in Council to make Orders in Council under this Act shall include power to make an Order in Council amending any statutory instrument-
(a) for the purpose of substituting references to amounts of money, or to percentages, rates or proportions expressed in terms of money, in the new currency for any references in the statutory instrument to amounts of money, or to percentages, rates or proportions expressed in terms of money, in the old currency; and
(b) for any purpose ancillary to or consequent upon such substitution.
(3) An Order in Council may be made under this section at any time after the passing of this Act and may be expressed to take effect from the date specified therein, but such date shall be not earlier than the appointed day.
Unless the date from which an Order in Council made under this Act takes effect is specified therein, it shall take effect on and from the date of its publication in the Gazette or, if that date is earlier than the appointed day, then on and from the appointed day.
(4) An Order in Council under this section may be of general application or may be limited in its application to any Act or statutory instrument specified therein or otherwise as specified therein.
rder in Council under this section amending or otherwise statutory instrument may be made without regard to any method prescribed by law for the amendment of or dealing otherwise with such statutory instrument, or to the fact that such statutory instrument is apart from this section, incapable of amendment or of being dealt with otherwise by the Governor in Council,
amendment made pursuant to this section shall not affect the period of operation of the statutory instrument in question o
subject of any appeal or disallowance or similar procedure, but every statutory instrument so amended shall in all other respects t
subject to the amendment on and from the day on which the Council takes effect.
(6) This section shall cease to be in operation on the date on which subsection (1) of section eighteen of the Commonwealth Currency Act is, pursuant to section twenty-one of that Act, deemed to be repealed.
9-11 THE
~ ~ ~ i c ~ t i o n of
(a) be published in the Gazette;
(b) upon its publication in the Gazette be judicially noticed and such publication shall be conclusive evidence of the matters contained therein; and
(c) be laid before the Legislative Assembly within fourteen days after such publication if it is then sitting for the despatch of business or, if not, then within fourteen days after the date when it next sits for the despatch of business.
(2) If the Legislative Assembly passes a resolution disallowing any such Order in Council or any part thereof, of which resolution notice has been given at any time within fourteen sitting days of the Legislative Assembly after such Order in Council has been laid before it, such Order in Council or part shall thereupon cease to have effect, but without prejudice to the validity of anything done in the meantime or to the power to make a fresh Order in Council.
em in ~ ~ ~(1) nEvery Order in Council c ~ l ~ made under this Act shall-
cks
.
(1) “The Stamp Acts, 1894 to 1965,” are ( 2 ) Those Acts as so amended may be collectively cited as “The amended to the extent indicated in the First Schedule to this Act.Stamp Acts, 1894 to 1965.”
ets. The Acts mentioned in the Second Schedule to this Act are amended to the extent indicated in that Schedule.
THE DECIMAL CURRENCY ACT OF 1965 Sch. I 7 [s. 101
e Section seventy is amended by omitting the words ding five pounds”, where those words appear three times, and by inserting in their stead, wheresoever omitted, the words
“exceeding twenty dollars”.
2. Subsection (1) of section 7 2 8 is amended by omitting the words “three pence”, where appearing in the proviso, and inserting in their stead the words “three cents”.
.
The First Schedule is omitted and the following Schedule is inserted in its stead:-Duty AGREEMENT OR CONTRACT accompanied with a deposit.
GREEMENT for a lease, or for any letting.
AGREEMENT for sale of property.
AGREEMENT or any EMORANDUM of an AGREEMENT underhand on1 and not otherwise specifically charged with any duty, whether the same be only evidence of a contract or obligatory upon the parties from its being a written instmment-
ry $40 and also for every fractional t to exceed 50c on any such In any other case . . .
. . . 0.05 instrument)
0.25 Exempt ions
(1) Agreement, whether under hand only, or by deed, made in pursuance of “The Workers’
Compensation Acts, 19 16
to
1965.”(2) Agreement made by any person and his employer with respect to his employment or the terms of his employment or otherwise for any purpose under any Wages Act in force or hereafter to
[See s. 41
See ‘‘Mort- gage,” &c., and ss. 34, 65 See
“Lease,”
and s. 62 See
“Convey- ance ss. 32, 34 on sale37
8 Sch. THE DECIMAL CURRENCY ACT OF 1965
Duty
$
See
“Conveyance on Sale.”
and s. 51
See
“Conveyance on Sale,”
and s. 56 See
“Mortgage,”’
&c., and s. 67
be enacted, where the wages or salary payable under such agreement, if received for a year, would not exceed three thousand dollars.
(3) An order for the supply of goods, wares, or merchandise (not being live stock), which is not in itself a binding agreement, and whether or not such order is followed by a formal acknowledgment thereof in writing or compliance therewith.
(4) Correspondence in the ordinary course of business relating to advances which is followed by a duly stamped security.
(5) Agreement or orandum of an Agreement, the matter wh is not of the value of forty dollars.
(6) Any instrument to which the provisions appearing under this ing are expressed to apply given or execu a religious bo including the trustee religious body, debtor.
(7) Any agreement, letter or memorandum made for or relating to the sale in any retail ent of any goo s, wares or e the value whereof oes not exceed two hundred dollars and, in respect of any such transaction, any instrument guaranteeing payment of moneys at any time due and unpaid provided that the liability of the guarantor is for a specified sum not exceeding two hundred dollars.
ANNUITY-
Conveyance in consideration of.
urchase of.
Creation of, by way of security.
THE DECIMAL CURRENCY ACT OF 1965 Sch. I 9
APPOINTMENT of a new trustee . . . 1.00 S. 57
ASSIGNMENT-
y way of security or of any security.
Upon a sale or otherwise.
See “Mortgage,”
&C.
See
“Convey- ance”
ASSURANCE. See
AWARD in any case in which an amount or value is the “Policy”
matter in dispute- here no amount is awarde here the amount or valu
the amount or value
awarded does not exce 100 . . . 0.25 does not exceed
200 , 9 3 , 9 9 >)
400 9 9 3 2 9 9 9 9
9 9 $1,000 7 9 2 7 >> 9 9
9 9 $ 1 , 5 y 9 9 7 9 9, 7 3 $2,000. . 4.00
fractional part of $100 . . . 0.25 For every additional $100, and also for any
F EXCHANGE- ss. 36, 39,
ayable on demand or at sight, or on presentati or in which no time for payment is express
ILL OF EXCHANGE of any other kind whatsoever (except a bank note), and promissory note of any kind whatsoever (except a bank note), drawn or expressed to be payable or actually paid or r in any manner negotiated in the
of the money the bill or note is drawn or made
exceed $100 . . . 0.10 Exceeds $100 and does not exceed $200 . . . 0.20 And where the same shall exceed $200, then for
every $100, and also for any fractional part of
$ 1 0 0 . . . . . 0.10
41
ss. 34, 37, 38, 39, 40, 41, 42
Exemptions
raft or order drawn by any bank in the State of Queensland upon any other bank in the State of Queensland, not payable to bearer or to order, and used solely for the purpose of settling QT
clearing aniy account between such banks.
Duty
$ Letter written by a bank in the State of Queensland
to any other bank in the State of Queensland, directing the payment of any sum of money, the same not being payable to bearer or to order, and such letter not being sent or delivered to the person to whom payment is to be made, or to any person on his behalf.
Letter of credit granted in the State of Queensland authorising drafts to be drawn out of the State of Queensland payable in the State of Queensland.
All debentures, Treasury bills, and promissory notes for the payment of money, on demand, issued by the Government of Queensland.
All bills of exchange or promissory notes issued by any bank for Government purposes to the Treasurer.
All promissory notes for the payment of money on demand, issued within the State of Queensland by any bank or banking company legally incor- porated and carrying on business in the said State.
ubject to approval by the Treasurer of this exemp- tion applying in the case of the agent in question and to that approval remaining unrevoked at the relevant time (it being hereby declared that the Treasurer may by notice published in the Gazette grant or revoke such an approval) all cheques drawn on a bank in the State of Queens- land by the accredited agent of the government of a country outside the Commonwealth and SO
drawn by that agent in his capacity and for a purpose of his office as such agent.
All cheques drawn on banks by any society registered under “The Friendly Societies Acts, 1913
to
1963,” any religious, charitable or educational corporation incorporated under “The Religious, Educational, and Charitable Institutions Acts, 1861 to 1959,” and “The Religious, Educational, and Charitable Institutions Act of 186 1 Amendment Act of 1895,’’ any institution referred to in section 69A of this Act, or any other body or association of persons approved by the Governor in Council for the purposes of this exemption (it being hereby declared that the Governor in Council may by Order in Council published in the Gazette grant Lor revoke such an approval).
THE DECIMAL CURRENCY ACT OF 1965 Sch. I I 1
Duty
$ All cheques drawn by any religious body, including
by the trustees of any religious body.
Any instrument to which the provisions appearing under this heading are expressed to apply given or executed to secure a debt of a religious body.
IPT of or for any goods, to be carried beyond the
1 of Lading and each copy . . . 0.10 ceipt and each copy . . . 0.05 BILL OF LADING OR
merchandise, or e State of Queensland-
ILL OF SALE- Absolute.
y way of security.
OND given as security for the due execution of an office and for the accounting for money received by virtue thereof where the amount secured exclusive of penalty exceeds $400.
O N D , COVENANT, or INSTRUMENT of any kind y or principal or primary security for any annuity (except upon the original creation thereof by way of sale or security and except a superannuation annuity) or for any sum or sums of money at stated periods, not being interest for any principal sum secured by a duly stamped instrument, nor rent reserved by a lease-
The same ad valorem duty as a
For a definite and certain period, mortgage, bond,
so that the total amount to be debenture, and
ultimately payable can be ascertained. covenant for such
0:50
total sum.
For the term of life or any other indefinite period . . .
For every $10 and also for every fractional part of $10 of the annuity or sum periodically payable . . .
eing a grant or contract for payment of a superannuation annuity, that is to say, a deferred life annuity granted or secured to any
I
s. 43
See “Conveyance on Sale”
See
“Mortgage,”
&c., and ss.
44, 45
12
UtY $ person in consideration of ann
payable until he attains a specifi
as to commence on his attaining that age- For every $10 and also for every fractional
of $10 of the annuity . . . 0.10 g a collateral or auxiliary or The same duty as
ituted security for a mortgage, bond, debenture and
ntioned pur]poses, covenant of the
primary
1
same kind.additional o any of the a
where the Pal
instrument is duly stamp empeions
Any instrument to which the rovisions appear- ing under this heading are xpressed to apply uted to secure a debt of a or memorandum (other purchase a ~ e e m e n t under eaning of section 32A of this Act) made for or relati
any retail ~s~ablishment of or merchandise the value exceed two hundred dolla
whatever not other- wise charged nor expressly e x e ~ p t e d from all stamp
duty . . . 1.00 hen the Charter does not exceed $40 . . . 1.00 hen it exceeds $40 and does not exceed $200. . 1.50 hen it exceeds $200 . . . 2.00 CONTRACT NOTE relating to the sale of any stock or
marketable security or relating to the purchase of any stock or marketable security-
For each $100 and also for any fractional part of
$100 of the value . . . 0.03 CONVEYANCE OR TRANSFER-
( I ) Of any stock or marketable security (other (a) On sale or by way of gift, division or For every $100 and also for any fractional part
of $100 of the then value of the stock or
marketable security transferred . . . 0.40 (b) Under section one hundred and eighty-five
of “The Companies Acts, 1961 20 1964,’9- the same duty as if the transfer were a transfer
than by way of security)- exchange-
on sale by the shareholder;
THE DECIMAL CURRENCY ACT OF 1965 Sch. I 13
Duty
$ (c) For carrying into effect-
Any bequest under a will; or a d i s t ~ b ~ t i o n in intestacy; or the terms o f a s e t t ~ e ~ e n t in respect of which ad valorem duty un this Act, or under “The G-iJ Duty Acts,
1926 to 1963,” has been paid, the same duty as if
transfer on sale, but not (d) re-
ares are acquire shares and ad va the transfer of of the shares inc (ii) shares are acquir
shares are att acquisition an on the value at t the shares,
any transfer executed to vest in the such further shares shall be charge
e duty as if it were a transfer on sale, not exceeding one dollar;
(e) (b) or (c) of this
the same duty as if the transfer were a transfer on sale, but not exceeding one dollar.
marketable security)-
(2) On the sale of any property (except stock or For every $100 and also for any fractional part
of $100 of the value of the consi~era~ion for the sale . . .
.
. . . , . . . . , . .. .
. . . . .. .
1.25 y way of gift of any property (exceor marketable security)-
The same duty on the full value of such property as on the amount or value of the consideration for a conveyance or transfer on sale.
y way of partition or division of any real or personal property (except stock or marketable security)-
The same duty on the full value of such property as on the amount or value of the consideration for a conveyance or transfer on sale.
Duty
$ (5) By way of exchange of any real or personal
property (except stock or marketable security)- The same duty on the full value of such property
as on the amount or value of the consideration for a conveyance or transfer on sale.
(7) Of any kind not hereinbefore described . . . . 1.00 Exemptions
All conveyances or transfers of lands to the Gov- ernment for public purposes.
Any grant from the Crown under the hand of the Governor of Queensland for the time being to any purchaser of Crown land in Queensland.
Transfer under the Mining Acts of a claim or share in a claim where the consideration paid does not exceed $100.
Transfer of a pastoral holding (not being a prefer- ential pastoral holding) from the mortgagee to the mortgagor having the effect of a release of the mortgage.
The gift from husband to wife conveyed by mem- orandum of transfer of an interest as joint tenant, in respect of land whereon is a dwelling- house which was purchased under contract in the joint names of such husband and wife and where the total value of the property so pur- chased does not exceed the sum of one thou- sand six hundred dollars.
Any conveyance or transfer of property to any institution in Queensland engaged in the edu- cation of students in primary or secondary schools, or both; or to the University of ueensland or any constituent college thereoc or to a rural training school; or to any insti- tution in Queensland (approved by the Min- ister for the purpose of this exemption) engaged in the relief of poverty, or in the care of sick, aged, infirm, afflicted or incorrigible persons or of children.
All conveyances or transfers which upon the incor- poration of a principal sporting body, that is to say a body of persons exercising throughout the State a major control or influence over the
THE DECIMAL CURRENCY ACT OF 1965 Sch. I 15
Duty conduct of a particular sport and recognised $
as a principal sporting body by the Governor in Council by Order in Council, are necessary or expedient for the purpose of vesting in such principal sporting body in its corporate name all property, including estates or interests in property, of which it was the beneficial owner immediately prior to its incorporation.
Any conveyance or transfer of a license under “The Land Acts, 1962 to 1965,” to enclose a tem- porarily closed road, where the value of such license does not exceed $200.
Any conveyance or transfer of property to a religious body, including to trustees upon trust for a religious body.
DECLARATION OF TRUST-
(1) Any instrument declaring that property vested in any person as the apparent purchaser thereof is held by him in trust for the person or persons who have actually paid the purchase money
therefor . . . 1.00 (2) Any instrument declaring that the property
vested in the person executing the same is or shall be held in trust for the person or persons mentioned therein-
The same duty as on conveyance
Upon the amount or value thereof. . . . sale.
DEED of any kind whatsoever not described in this See
1 .00 “Mortgage,”
&C.
. . . Schedule
DEPOSIT of title-deeds.
DUPLICATE or COUNTERPARTS of any instrument ,chargeable with duty-
Where such duty does not amount to The Same duty as the original instrument.
twenty-five cents
In any other case . . . 0.25 Provided that, notwithstanding the provisions of
section fifteen, in any case where the duplicate or counterpart of an instrument contains or relates to several distinct matters, so that such instrument is construed as a separate instrument with respect of each of such matters, duty under this heading shall
THE DECIMAL CURRENCY ACT
Duty
9 @
be chargeable on the duplicate or counterpart of such instrument as if it were only one instrument and not as if it were a separate instrument in respect of several distinct matters therein concerned.
Exemption
The duplicate or counte art of any instalment purchase agreement.
IRING A
agreement is for a definite and certain period so that the total amount to be ultimately payable can be ascertained-
The same ad valorem duty as a mortgage, debenture, and covenant for such total reement is for the term of any being or for any other indefinite
be deemed to be an of three years and nder provision ( 1) (1)
re the purchase pri
. . . Nil QUnt to $40.
.
0.20 ount to $ 6 0 . . 0.40 ount to $ 8 0 . . 0.60 ount to $100 0.80 Amounts to $100 but does not amount to $120 1.00 Amounts to $120 but does not amount toAmounts to $140 but does not amount to
Amounts to $160 but does not amount to $180 1.60 180 but does not amount to $200 1.80 208 . . . 2.00 here the purchase price exceeds $200, the duty
shall be $2 plus 5Oc for every $50 or part of
$50, by which the said price exceeds $200.
Exemption
Any instalment purchase agreement in which the vendor and the purchaser are persons engaged in the trade or business of selling goods of the same nature or description as the goods referred to in the agreement.
THE DECIMAL CURRENCY ACT OF 1965
uty $ LEASE or AGREEMENT for a LEASE or any written doc-
ument for the tenancy or occupancy of any land, tenements, or hereditaments, the ~ollowing duties in respect of the rent at the rate per annum-
$100 and also for every fractional part 00 . . . 0.25
nd not hereinbefore described . . . 1.00 For any transfer or cancellati
half the amount of lease
and conveyance on sale duty on any fine, or other c o n § ~ ~ e ~ a t i o n whatso other than rent, and also on
or value of the movable chattels in the t ~ a n s ~ c t i ~ n .
of any lease, one-
for every frac- ut not to exceed 7% on any such instrument.
ue . . . 0.03
ORTGAGE of stock or marketab~e security, un only.
EBENTURE, and COVENANT- urity which is-
(a) the only or principal or primary security; or 1, or a ~ x ~ l i a ~ , or additional or su security, or security by way of furth for the payment or repayment of money-
a§~urance,
$100 . . . 0.25 itional $100 and also for any fractional part of $100 . . . 0.25
n does not apply to-
) a security to which provision (2) appearing under this heading applies.
(2) Any such security which is collateral, or auxiliary, or additional or ~ u ~ § t i t u t e ~ security, or security by way of further assurance, for the payment or repayment of money where the principal or primary security is liable to be and is stamped with the ad valorem d imposed under provision (1) appearing un
this heading . . . 0.25
Sch. I 17
See “Mort- gage,” &c.
Duty
!$
(3) Reconveyance, release, or discharge of any such security as aforesaid, or of the benefit thereof, or of the money thereby secured . . 0.25 (4) Provision (1) appearing under this heading
applies subject to this provision.
ere the money to be both on property in
on property out of eensland duty shall be payable as prescribe the said provision (1) in respect of the part amount only of the money which bears the same proportion to the total amount thereof as the value of the property in Queensland bears to the aggregate of the roperty in and the property ney to be paid or repaid is secured wholly on property outside Queensland,
yable shall be one dollar.
ere the money to be paid or repaid is not secured on property, but has been or will plied partly in Queensland and partly out ueensland, duty shall be payable as prescribed by the said provision ( I ) in respect of the part amount only of the money which the Commissioner is satisfied has been or will
in Queensland.
delity bond issue Auctioneers, Real Estate Agents, and Motor Dealers Acts, 1922
(6) Where the duty specified by the provisions appearing under this heading has been charged upon any debenture in respect of the issue or any re-issue or renewal of such debenture for a term of less than one year, such duty shall not be again charged upon such debenture in respect of any subsequent r sue or renewal thereof, within the of one year commenced on and including the date of %be
sue or renewal thereof in respect
.
ty was so charged, for a further term of less than one year,
Exempt ions
Any instrument to which the provisions appearing under this heading are expressed to apply given for the purpose of carrying out its objects by a society under and within the
THE DECIMAL CURRENCY ACT OF 1965 Sch. I 19
Duty meaning of “The Co-operative Housing Soci- $ eties Acts, 1958 to 1964,” and so given or executed in respect of-
(a) any advance made or to be made to that society by the Treasurer of Queensland; or (b) any advance guaranteed by the said Treas-
urer made or to be made to that society by any bank, friendly society, or approved body.
Any instrument to which the provisions appearing under this heading are expressed to apply given or executed to secure a debt of a religious body.
Any debenture issued in respect of a loan borrowed by Brisbane City Council or a Local Authority or by any Crown corporation or instrumen- tality or corporation or instrumentality rep- resenting the Crown, or by any corporation or instrumentality created by statute to which the Governor in Council by rder in Council grants this exemption.
Any instrument to which the provisions appeari under this heading are expressed to apply giv or executed by a spouse or person engage^ to be married in respect of the purchase or the erection of a matrimonial home where the amount or, in the case of two or more such instruments, the aggregate of the sum secur does not exceed ten thousand dollars, whole of such sum is payable or repa respect of the purchase or erection
matrimonial home and for no other purpose whatsoever:
Provided that this exemption does not apply-
(a) in any case of a matrimonial home situa or to be situated upon land used in business or primary production, the a whereof exceeds two and one-half acres unless the improved value of such 1 (including such matrimonial home) does exceed twenty thousand dollars;
(b) in any case other than a case mentione paragraph (a) of this proviso, unless the area of the land appurtenant or to be appurtenant to the matrimonial home does not exceed two and one-half acres and the improved value thereof (including such matrimonial home) does not exceed sixteen thousand dollars,
Duty In the case of a matrimonial home which is part of a structure which also con- tains a shop or a factory or other business premises, this paragraph (b) shall apply as if the whole of such structure were the matri- monial home:
rovided further that this exemption does not not apply in any case where any person who is a party to such an instrument or instruments thereby bound to pay or repay the amount secured or his or her spouse or the person whom he or she is engaged to many, as the case may be, owns or estate or ~nterest in any house or in any other struc-
of is a d w e ~ l i n ~ - h ~ ~ s e for ingle family unit, whether situated within or without Queensland.
OLICIES OF LIFE INSURANCE- hen the sum insure
exceed $200 . . . of $100 of the amount insured
2,000-For the first $2,000 thereof at the rate prescribed for a policy not exceedin
$2,000, and for every $100 or fractional part thereof exceeding $2,000 . . .
Provided that the duty payable on a tem- porary or term assurance policy shall be five dollars per centum of the first year’s premium.
. . .
Exempt ion Life policies not exceeding
than Policies of Life s’ Compensation Poli- ties issued unci rkers’ Compensa- tion Acts, 1916 to 1965’’-
(1 ) Certificate or policy of insurance for accidental bodily injury (fatal or non-fatal) to any
issued under “The Motor Vehicles Insurance Acts, 1936 to 1963,” and the relgulations thereunder-
thereof . . . Upon the first issue and upon every renewal
$ -
0. lo 0.05
0.10
0.10
THE DECIMAL CURRENCY ACT OF 1965 Sch. I 21
(2) Upon every policy of insurance in respect of plate glass-
(i) for any dwelling . . . (ii) for other than a dwelling. . . (3) Tourist and Travellers' Special
than for air travel) fo eriod of the tour
ays . . .
boat or television insta
insured . . . or each $100 or part of $100 of the total amount
ing to the currency of the policy on the st issue and on every renewal or Not exceeding twelve months . . .
the first twelve months . . . olicies of reinsurance by one i ~ s ~ r e r with another insurer . . .
(a) In the case of a h o ~ s e o w ~ e r s and householders policy where the insurer certifies that no separa
charged in respect of an legal liability for third erson or property whic (6) In respect of all other policies-
insured-
continuance-
twelve months for each tw or part of twelve months bey
rovided that-
11 be charged in respect (b) In respect of any policy of fire insurance, the duty on the first issue or on any renewal or continuance of the policy, and
Duty
$
0.05 0.10
0.03
0.02M
0.02 "2
0.02 "2 0.10
22 Sch. I THE DECIMAL CURRENCY ACT
Duty In respect of any policy of accident $
insurance, the duty on any renewal or continuance of the policy may be paid and denoted in the manner prescribed by regulations under this Act.
(c) The duty upon-
(i) A marine insurance policy issued in (ii) A plate glass policy; and
(iii) A tourist and travellers’ policy, Queensland; and
may be denoted by adhesive stamps.
(d) In the case of any policy to which provision (6) appearing under this heading ap which, in any period o f one yea renewed more frequently than once at regularly recurring intervals of time, duty shall not be cha d in respect o f any renewal thereof ted within one year after the first issue or after any renewa~
on which duty shall have been paid.
here there is included in or annexe any policy of life assurance any provision for the payment
of
an additional capital sum on the deatb by accident of the assured or in the event of his suffering some disablement-here the premium payable in respect the life assurance and that payable in respect o f the said provision are separately stated in the policy; or (ii) Where the premium stated in the policy
respect of the life insurance provision, but the insurer endorses on the polic of that premium actuarily at to that provision,
the duty payable annually in that provision shall not excee
centwm of the annual premium or part premium or of the annual aggregate o f other periodical premiums or part.
premiums payable in respect o f that provision.
(0
The duty upon a p o k y in respect of a television installation which does not cover any property or risk, other than the television installation and the legal liabilityTHE DECIMAL CURRENCY ACT OF 1965
Duty
$ of the insured for accidental bodily injury
(fatal or non-fatal) to any person or for damage caused by, through or in connection with the television installation, shall be twenty-five cents.
(g) In respect of any policy of insurance chargeable with duty under provision (4),
( 5 ) , or (6) appearing under this heading,
the duty payable on the first issue and every renewal or continuance shall not exceed-
(i) (in the case of a
centurn of the net premium payable in respect of the issue, renewal or continuance in question,
insurer.
1) In respect of any policy of ~ n s ~ r a n c ~
fractional part o f the cent and one cent.
OWER Or LETTER O f ATTQRNE instrument in the nat
and Motor Dealers Acts, 1922
to
1961”-,000 and also for every ~ ~ a c ~ ~ ~ ~ ~ ~
0 0 . . . . . . . . . . . . . . . . . I . . . . 0.03 ut such duty shall not exceed
(2) For the receipt of any stock of any
company, corporation, or society-
here made for the receipt of one payment In any other case . . .
s or interest of n, or colonial only . . .
Exemptions
ment in writing for the sole inting or a u t h o ~ s i n g a pr
ne meeting at which vo given by proxy.
A letter of authority which merely a~thorises some person to receive wages or salary on
ehalf of the persona gi request, or directio from the proprietor o to any corporation, or t
ration, or to an
nds or interest arising from the stock or shares to any person therein named.
OMISSORU NOTE.
EcEwr-Given for or a n the payment of money- 20, for every $100 or fractional part thereof . . .
Exempt ions
he payment of money esty.
eceipts given for or to the use of H
uty $
0*10 0.50
0.10
0.1
1 .00
0.02
THE DECIMAL CURRENCY ACT OF 1965 Sch. 1 25
utgr
$ eceipts endorsed upon any i
stamped with ad valorem Act acknowled
where the total
eceipt given by any institution in Queensland engaged in the education of students in primary or secondary schools, or by the University of Queensland, or any constituent
Duty
$ college thereof, or by any rural training school, for any payment made to it for or in respect of a student whether for tuition, board and lodging, or sporting or other activities whatsoever.
eceipt given by any religious institution in land or by any non-profit organisation
nsland (approved by the Treasur urpose of this exemption\) engage in the conduct of any hostel fog' the care of students attending any primary or secondary school for any payment made to it for or in respect of a student whether
board and lodging, or sportin activities whatsoever.
eceipt given by any religious dy, i n ~ ~ u d i n g the trustees of any religio body, for or upon any payment made to it or them.
eceipt given in respect ofa settlement of accounts between brokers at a cleakng- estab- lished and ~ a i n t a i n e d by a rec stock exchange.
ENLJNCIATION of any property, or any right or interest in any property-
Upon a sale.
y way of security.
In any other case . . . 1.00 enu~ciation of a shares in any
company, c o p
,
~ ~ ~ t h e r such renunciation is in favour of any otheror not3---
also for any fraction 100 of the then value of the
renounced . . . 0.40
EQUEST under the rovisions o f the EAL PROPERTY For the registration or entering of tran§~ission . . For the registration or enterin
Of any other kind not otherwise stamped . . . ACTS-
1.00 0.25
THE DECIMAL CURRENCY ACT OF 1965 Sch. I 27
SETTLEMENT, DEED of GIFT, or VOLUNTARY ss. 59, 60, 61
CONVEYANCE (not being the appointment merely of a new trustee) of any property containing any trust, or any DECLARATION of TRUST having the effect of such settlement, deed, or conveyance, ad valorem duty as hereunder on the amount or value of such property:-
per
U r n
Amount of Value of Duty
Not exceeding $2,000, . . . Y2
Exceeding $2,000 but not exceeding $4,000 . . . . 1 Exceeding $4,000 but not exceeding $6,000 . . . . 11/2 Exceeding $6,000 but not exceeding $8,000 . . . . 2
10,000 but not exceeding 12,000 . . 3 12,000 but not exceeding 14,000 . . 3Y2 Exceeding $14,000 but not exceeding $16,000 . . 4
16,000 but not exceeding $18,000 . . 4%
18,000 . . . 5 Exceeding $8,000 but not exceedin $lO,OOO . . . . 21/2
HARE CERTIFICATE or OTHER CUMENT-
(1) Entitling any person to or t
proprietor of any share or part of any share in any company or proposed company in Queensland.
eensland and entitling me the proprietor of at some place outside (2) Issued or delivered i
UtY $ re the number of shares in the Instrument-
oes not exceed 100 . . . 0.05 Exceeds 100, but does not exceed 1,000 . . . . 0.10 Exceeds 1,000 . . . 0.50”
28 Sch.
k
P CL)
E
a
9%
h
3
M 0
2
c? 4e4
THE DECIMAL CURRENCY ACT OF 1965 Sch. I1 29
e-3 o 4
0
4
THE DECIMAL CURRENCY ACT OF 1965 Sch. I1 31
+
M
cd P-
3 .--i h
ep
Sch. THE DECIMAL CURRENCY ACT OF 196s
34 Sch. I1
m
(d
t‘- m 0 N
5
THE DECIMAL CURRENCY ACT OF 1965 Sck. I1 35
a,
l--l c, . 3
b
E 0
c m
s I 23
ae
cd
2
. 3 (A .A X
(A
c, .rl
(A
;r,
xc
f 3 t0 .' 0 a,
m
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36 Sch.
A . d .I-- W
e
nTHE DECIMAL CURRENCY ACT OF 1965 Sch. IH 37
i? I
r l .r( W
M
\o cn
3
4-r 0
THE DECIMAL CURRENCY ACT OF 1965 Sch. I1 39
d \D
m
!-- 4
rc 0
m
d
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.-(
h 0 t-
i +-
.I
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W PI W
TO
Act-
application of, re judgements, industrial awards . . . commencement of . . .
short title of . . . amendments of certain . . , . . currency references in reprints of meaning of term . . . Acts-
Appointed day-
Commencement of Act . . . Commonwealth Currency Act-
meaning of term . . . references to . . . Currency references. See References.
Documenis-
. . . . . . . . .
. . .
currency references in, which are not statutory instruments
Forms-
currency references in 6
Government Printer- Governor in Council-
authority of, re references to amounts of money in reprints powers of, by Order in Council
Interpretation. See Meaning of terms.
Meaning of terms-
Appointed day . . . Commonwealth Currency Act . . . New currency . . . Old currency . . . . . . . . . . . . . . . . . Statutory instrument . . .
. . . .
. .
. . . .
. . . .
. . . . . .
. . . . . .
. .
New currency-
meaning of term . . . . . . .
when reference to old currency to.be construed as a reference to
s. 1 ( 3 ) . . . . l ( 2 ) . . . . 1 ( 1 ) . . . . 11, Sch I1 . . .
s . 7 . . .
2 ( 1 ) . , .
2 ( 1 ) . . . . 2 ( 2 ) . . . .
5
2 ( 1 ) . . . . 2 ( 1 ) . . . . 2 ( 1 ) . . . . 2 ( 1 ) . . . . 2 ( 1 ) . . . .
2 ( 1 ) . . 3 . . . .
Page
2 1 1
6, 28 3 1
1 1 2
3
3
3 4
I 1
1 2
42
Old currency-
meaning of term . . . references to, when to be construed as reference to new currency Order in Council-
Governor in Council has power to make . . . publication of . . .
s. 2 ( 1 ) . . . . 3 . . .
8 . . . 9 . . .
References to-
amounts of money in reprints of certain Acts and statutory currency in documents which are not statutory instruments
instruments . . . Commonwealth Currency Act . . .
. . currency in forms . . . to old currency, when to be reference to new currency. . . currency references in . . . Reprints-
Short title of Act Stamp Act- Stamp duties . .
amendment of
I . . . 2 (2) . . . 5 . . . 6 . . . 3 . . . I . . .
10, Sch I . . . s . 4 . . .
Page
1 2
4 6
2 3 3 3 2 3
1
6, 1 2
~~
62632-By Authority: S . R. HAMPSON, Government Pnnter, Queensland
