Financial Services

Stamp Duty Policy

Further information

Certain legal documents or transactions may be subject to stamp duty or may meet the requirements to gain the charitable purposes exemption.

Policy statement

Stamp duty is governed by the Duties Act 2008, which came into effect from 1 July 2008 (previously the Stamp Act 1921 applied).

Stamp duty is imposed on various types of documents (“instruments”) such as:

  • transfers of dutiable property (Transfer Duty)
  • acquisitions in a land-holding corporation or unit trust scheme (Landholder Duty)
  • premiums paid for certain insurance policies (Insurance Duty)
  • issue or transfer of motor vehicle licences (Vehicle Licence Duty).

Charitable purposes exemption

Section 95 of the Duties Act 2008 provides an exemption for a dutiable transaction entered into for a charitable purpose. A written application is required to access the exemption.

General conveyance rates

The full list of rates, which are applicable from 1 June 2012, are available at the Department of Finance website.

Applying for an exemption

The University applies to the Commissioner of State Revenue for the exemption, via Legal Services, when an instrument is presented for duties assessment.

Applying for a refund

A refund may be granted for stamp duty paid on a document which falls under section 95. An application for a refund must be made in writing to the Commissioner of State Revenue.

The original documents must be attached to the application and the application must clearly set out the section under which the University is applying for an exemption (to get a refund on the stamp duty already paid)

Stamp duty and GST

Stamp duty is payable on the GST-inclusive value of the transaction.