REPUBLIC OF FIJI

STAMP DUTIES (BUDGET AMENDMENT) ACT 2017
 ACT NO. 30 OF 2017 
I assent. 
J. K. KONROTE 
President 
[14 July 2017] 
AN ACT
TO AMEND THE STAMP DUTIES ACT 1920
ENACTED by the Parliament of the Republic of Fiji— 
Short title and commencement
1.—(1) This Act may be cited as the Stamp Duties (Budget Amendment) Act 2017. 
(2) This Act comes into force on 1 August 2017. 
(3) In this Act, the Stamp Duties Act 1920 is referred to as the "Principal Act". 
Section 4A amended
2. Section 4A of the Principal Act is amended by deleting "$10,000" wherever it appears and substituting "$25,000". 
Section 17 amended
3. Section 17 of the Principal Act is amended by deleting "$100" and substituting "$25,000". 
Section 20 amended
4. Section 20 of the Principal Act is amended by deleting "$10" and substituting"$25,000". 
Section 21 amended
5. Section 21(1) of the Principal Act is amended by deleting "of $40" and substituting "not exceeding $25,000". 
Section 22 amended
6. Section 22 of the Principal Act is amended by deleting "4 years" and substituting "10 years". 
Section 23 amended
7. Section 23 of the Principal Act is amended by deleting "3 months" and substituting "10 years". 
Section 26 amended
8. Section 26 of the Principal Act is amended by deleting "of $100" and substituting "not exceeding $25,000". 
Section 33 amended
9. Section 33 of the Principal Act is amended by deleting "of $100" and substituting "not exceeding $25,000". 
Section 37 amended
10. Section 37(1) of the Principal Act is amended by— 
	(a) in subparagraph (a), deleting "$2" and substituting "$500"; and 
	(b) in subparagraph (b), deleting "$4" and substituting "$1,000". 
Section 47 amended
11. Section 47(2) of the Principal Act is amended by deleting "$100" and substituting "$25,000". 
Section 48 amended
12. Section 48 of the Principal Act is amended by deleting "$20" and substituting "$25,000". 
Section 51 amended
13. Section 51 of the Principal Act is amended by deleting "$20" and substituting "$25,000". 
Section 55 amended
14. Section 55(1) of the Principal Act is amended by deleting "$100" and substituting "$25,000". 
Section 61 amended
15. Section 61(1) of the Principal Act is amended by deleting "$100" and substituting "$25,000". 
Section 63 amended
16. Section 63 of the Principal Act is amended by deleting "of $40" and substituting "not exceeding $25,000". 
Part 3, Division 2, Subdivision C amended
17. The Principal Act is amended in the heading of Part 3, Division 2, Subdivision C after "Bills of Lading" by inserting "and Air Waybills". 
Section 64 amended
18. Section 64(2) of the Principal Act is amended by deleting "$100" and substituting "$25,000". 
Section 64A inserted
19. The Principal Act is amended after section 64 by inserting the following new section— 
	"Air waybills
	64A.—(1) An air waybill includes any receipt given in lieu thereof from the master or agent of an aircraft and is not to be stamped after execution. 
	(2) Every person shall be guilty of an offence and is liable to a fine not exceeding $25,000 who makes or executes an air waybill not duly stamped. 
	(3) The duty on an air waybill may be denoted by an adhesive stamp.". 
Section 65 amended
20. Section 65 of the Principal Act is amended by deleting "$40" and substituting "$25,000". 
Section 68 amended
21. Section 68 of the Principal Act is amended by— 
	(a) in paragraph (a), deleting "of $1" and substituting "not exceeding $1,000"; and 
	(b) in paragraph (b), deleting "of $20" and substituting "not exceeding $2,000". 
Section 78 amended
22. Section 78(1) of the Principal Act is amended by deleting "of $40" and substituting "not exceeding $25,000". 
Section 88 amended
23. Section 88(2) of the Principal Act is amended by deleting "$200" and substituting "$25,000". 
Section 103 amended
24. Section 103 of the Principal Act is amended by deleting "$40" and substituting "$25,000". 
Schedule amended
25. Part 1 of the Schedule to the Principal Act is amended in the table by— 
	(a) in the first column of the tenth row, after "BILL OF LADING", inserting "OR AIR WAYBILL"; and 
	(b) in the first column of the last row— 
	(i) in paragraph (c) after "stipulates", inserting ";"; and 
	(ii) after paragraph (c), inserting the following new paragraphs— 
	"(d) Transmission of an asset to an executor or beneficiary on the death of a person; 
	(e) Transfer of a principal place of residence, first residential property, an interest in a capital asset, or shares in a company, by reason of love and affection between spouses, siblings, parents to children and vice versa, and grandchildren to grandparents and vice versa.
	For the avoidance of doubt, the terms used in paragraphs (d) and (e) have the same meaning as given to them under the Income Tax Act 2015.". 
Passed by the Parliament of the Republic of Fiji this 14th day of July 2017.