❓ Hon Brian Ellis asks about the removal of state duty on crayfishing licence transfers between family members from 1 July 2010. Hon Kate Doust confirms the removal of duty on business asset transfers, including fishing licences, regardless of familial relationship.
AnsweredQoN 305Legislative Council
QuestionView source ↗
CRAYFISHING LICENCES — DUTY
I refer to the parliamentary secretary’s answer to my query regarding crayfishing licence transfers during examination of the Duties Bill 2007 in the Legislative Council yesterday. (1) Will the parliamentary secretary confirm that as from 1 July 2010 state duty will no longer be payable on the transfer of fishing licences, including the respective vessels and craypots, between family members? (2) If so, which family members will be encompassed in this change? Hon KATE DOUST
I refer to the parliamentary secretary’s answer to my query regarding crayfishing licence transfers during examination of the Duties Bill 2007 in the Legislative Council yesterday. (1) Will the parliamentary secretary confirm that as from 1 July 2010 state duty will no longer be payable on the transfer of fishing licences, including the respective vessels and craypots, between family members? (2) If so, which family members will be encompassed in this change? Hon KATE DOUST
AnswerView source ↗
I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
(1) Will the parliamentary secretary confirm that as from 1 July 2010 state duty will no longer be payable on the transfer of fishing licences, including the respective vessels and craypots, between family members? (2) If so, which family members will be encompassed in this change? Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
(2) If so, which family members will be encompassed in this change? Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
(1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act.
(1) Will the parliamentary secretary confirm that as from 1 July 2010 state duty will no longer be payable on the transfer of fishing licences, including the respective vessels and craypots, between family members? (2) If so, which family members will be encompassed in this change? Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
(2) If so, which family members will be encompassed in this change? Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
Hon KATE DOUST replied: I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
I thank the honourable member for some notice of this question. (1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
(1) A crayfishing licence is a business asset by virtue of the definitions of “business asset”, “business licence” and “Western Australian business asset” contained in clause 79 of the Duties Bill 2007. Clause 28 of the Duties Legislation Amendment Bill 2007 repeals, effective from 1 July 2010, all provisions that impose duty on transactions involving business assets. I therefore confirm that as from 1 July 2010 duty will not be charged on the transfer of fishing licences, including craypots, irrespective of whether the transfer is between family members or unrelated persons. The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act. (2) Not applicable.
The transfer of a vessel is currently exempt from stamp duty under the Stamp Act 1921, and duty will not be charged on the transfer of a vessel under the Duties Act.
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