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In its 2012-2013 Budget the NSW State Government has deferred the total abolition of duty on:
- mortgages,
- the transfer of unquoted marketable securities, and
- the transfer of non-land business assets.
The result of this announcement is that New South Wales is now scheduled to abolish the duties from 1 July 2013, instead of 1 July 2012 as was anticipated. New South Wales remains the only Australian state yet to abolish mortgage duty and transfer duty on unquoted marketable securities.
For further information please contact:
Alistair Jaque, Partner
Phone: + 61 2 9233 5544
Email: mafj@swaab.com.au
Phillip Briffa,Solicitor
Phone: +61 2 9233 5544
Email: pjb@swaab.com.au
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