Stamp Duties Consolidation Act 1999 section 3

Variation of certain rates of duty by order

Section 3 gives the Minister for Finance power to reduce or remove stamp duty on certain instruments listed in Schedule 1, but not to increase any rate of duty.

• The Minister may by order reduce or exempt from duty any instrument or class of instrument in Schedule 1, but may not use this power to increase any rate of duty
• Orders may not be made in respect of instruments relating to Irish immovable property, shares in Irish-registered companies, Irish-situated insurance risks, or bills of exchange — though debt factoring instruments are an exception
• Every order must be laid before Dáil Éireann and may be annulled by resolution within 21 sitting days, without affecting anything already done under the order
• Unless the order merely revokes a previous order, it must be confirmed by an Act of the Oireachtas by the end of the year following the year in which it was made, or it ceases to have statutory effect