Coronavirus (COVID-19) updates from the Australian Government

Stamping fee exemption

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Invitation to Comment

Treasury is undertaking a four week targeted public consultation on the merits of the current stamping fee exemption in relation to listed investment entities. Listed investment entities comprise listed investment companies and trusts, including real estate investment trusts.

Stamping fees are an upfront one-off commission paid to financial services licensees for their role in capital raisings associated with the initial public offerings of shares.

Public consultation will allow the Government to make an informed decision on whether to retain, remove or modify the stamping fee exemption.

Guidance for submissions

Treasury is seeking information on current industry practices and trends, and evidence on how the current listed investment entities exemption operates within the context of:

  • the quality of advice received by retail investors from stockbrokers and financial advisers, and, any subsequent impacts on investor outcomes;
  • capital markets and industry participants, including their efficiency and competitive dynamics both locally and overseas; and
  • the broader economy.

Treasury is also seeking information on the consequences of modifying or removing the stamping fee exemption if the Government chose to do so.

Submissions

28 submissions were received for this consultation.

Anonymous 1 - pdf 60.61 KB
Anonymous 2 - pdf 78.23 KB
ASX - pdf 597.85 KB
Christensen, Matt - pdf 1.3 MB
Curran, Michael - pdf 49.34 KB
Hamilton Wealth Partners - pdf 213.73 KB
Hand, Graham - pdf 2.86 MB
Koda Capital - pdf 182.76 KB
Law Council of Australia - pdf 410.97 KB
Mont Lawyers - pdf 354.14 KB
Rasiah, Thabojan - pdf 689.83 KB
Rochford, Jonathan - pdf 628.07 KB
Sloane, Robert - pdf 49.69 KB
Somerville, Linsday - pdf 53.9 KB
Stockspot Pty Ltd - pdf 93.91 KB
Stuk, Jack - pdf 52.06 KB
Whiting, Edward - pdf 63 KB