The NSW Government has once again extended the timetable for abolition of stamp duty on unlisted marketable securities, mortgages and transfer of non-land business assets for another 12 months. The timetable is now to be from 1 July 2013. However it remains to be seen whether or not it will be extended once again.
The SA Government has also announced that stamp duty on non-quoted marketable securities and on non-real property transfers will both be deferred until budget circumstances allow.
NSW is the only State or Territory that still levies duty on mortgages. Therefore where property is moveable property or it is possible to vary its situs (e.g. a specialty debt) then at the time of the grant of the mortgage it will be important to keep as much of the property to which the mortgage is subject out of NSW.
NSW and SA are the only States or Territories that still levy duties on unlisted marketable securities.
