The object of this Bill is to amend Property Tranfer Tax so
as to—
(a) expand the definition of share to include equivalent rights;
(b) broaden the scope of realised value;
(c) authorise the Commissioner-General to determine a nil
realised value for transfers of property within a group of
companies;
(d) introduce an anti-avoidance provision to limit exemptions
on the transfer of property within a group of companies;
and
(e) provide for matters connected with, or incidental to, the
forgoing.