Stamp Duties Consolidation Act 1999 section 150

Discount

Section 150 enables the Minister for Finance to authorise the allowance of a discount to purchasers when stamps are sold.

• The Minister for Finance is empowered to direct that a discount be given on the sale of stamps.
• The discount, where allowed, accrues to the purchaser of the stamps.
• The rate or amount of the discount is determined by Ministerial direction rather than being fixed in the legislation.
• The provision operates as an administrative facility, allowing the terms of any discount to be adjusted from time to time without further legislative change.