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Legislative Assembly for the ACT: 1999 Week 1 Hansard (18 February) . . Page.. 307 ..

MS CARNELL (continuing):

(ii) an interest in property referred to in paragraph 10(l), being dutiable property referred to in paragraph 10(a) (b) or (c);

(d) goods referred to in paragraph 10(g) that are used solely for business purposes; or

(e) an interest in property referred to in paragraph 10(l), not being -

(i) an interest in dutiable property referred to in paragraph 10(a), (b) or (c); or

(ii) an interest in dutiable property that is used for purposes other than business purposes.

(2) The proportion of the dutiable value of a partnership interest that is chargeable with duty under paragraph (1)(c) is -

(a) if no interest in property of a kind referred to in subparagraph (1)(c)(i) or (ii) is transferred as a result of the transfer of the partnership interest - the whole of the value of the partnership interest; or

(b) if an interest in property of a kind referred to in either of those subparagraphs is transferred as a result of the transfer of the partnership interest - the proportion of the value of the partnership interest that is equal to the proportion of so much of the unencumbered value of all the dutiable assets of the partnership as is not constituted by the unencumbered value of the dutiable assets of the partnership that are property of a kind referred to in either of those subparagraphs.".

Page 104, line 24, clause 215, omit the clause, substitute the following clause:

"215. Repossessed motor vehicles

Duty under this Chapter is not chargeable on an application to register a motor vehicle if -

(a) the applicant is in the business of financing the purchase or use of motor vehicles;

(b) the vehicle was repossessed by, or voluntarily surrendered to, the applicant; and

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