Allotment of shares by direction
Duty is payable whenever a NSW company allots shares to a person at another person’s direction, in discharge of an obligation to that other person, whether that obligation arises as consideration for the purchase of property by the company or otherwise.
The rate of duty chargeable is 60 cents per $100, or part, of the dutiable value of the shares.
The statement (OSD 069) and duty must be lodged within three months of the date the shares are allotted.
Last updated: 28-May-2009
