Transfers of shares or units
Shares or units quoted on the Australian Stock Exchange not subject to duty
A transfer of shares, or units in a unit trust scheme, that are quoted on the Australian Stock Exchange or a recognised stock exchange is not subject to duty. Such transfers do not need to be stamped or marked by OSR.
This applies from 1 July 2001.
Transactions that attract duty in NSW
Shares in a company
A transfer of shares in a NSW company, or a corporation incorporated outside Australia that are kept on the Australian register kept in NSW, is liable to duty in NSW.
NSW company means a company incorporated, or taken to be incorporated under the Corporations Act 2001 of the Commonwealth, that is taken to be registered in NSW for the purposes of that Act, or any other body corporate that is incorporated under an Act of NSW.
Shares includes rights to shares.
Units in a unit trust scheme
A transfer of units in a unit trust scheme, being units:
(i)registered on a register kept in NSW, or
(ii) that are not registered on a register kept in Australia, but in respect of which the manager (or, if there is no manager, the trustee) of the unit trust scheme is a NSW company or is a natural person resident in NSW, is liable to duty in NSW.
Units includes a right to units.
OSRAssist takes you through a series of questions and gives you an indication of whether or not you need to pay duty or are entitled to an exemption.