Western Australian Consolidated Acts

STAMP ACT 1921 - SECT 69

69 .         Conveyance duty in cases where conveyance made at request or by direction of intermediary

        (1)         Subject to sections 73 and 74, where —

            (a)         property is conveyed or transferred by one person ( the transferor ) to another person ( the transferee ) or is agreed to be so conveyed or transferred; and

            (b)         another person ( the intermediary ) obtained the beneficial ownership of the property after the transferor acquired the beneficial ownership thereof but before he conveyed or transferred, or agreed to convey or transfer, the property to the transferee,

                the instrument of conveyance or the agreement shall be subject to duty, as if it were both a conveyance of the property by the transferor to the intermediary, and also a conveyance of the property by the intermediary to the transferee; and if there are 2 or more intermediaries, as if it were a conveyance of the property from the transferor to the first intermediary and a conveyance from each intermediary to the other in succession, and from the last intermediary to the transferee.

        (2)         Subsection (1) does not apply to the extent that duty under item 4 of the Second Schedule has been paid on a conveyance or transfer to any intermediary.

        [Section 69 inserted by No. 33 of 1987 s. 17; amended by No. 39 of 1994 s. 14; No. 2 of 2003 s. 43; No. 66 of 2003 s. 27(1).]