Commissioner of Stamp Duties v International Packers Limited and Delsintco Limited - [1954] NZLR 25

Public Revenue — Stamp Duties — Transfer of Shares — Exemption from Conveyance Duty if Commissioner Satisfied Conveyance "merely a necessary incident in a scheme for the reconstruction of a company" — Powers of Commissioner — Extent to which Court can interfere with His Decision not to exempt Instrument — No Exemption if Scheme for Reorganization of Company or for Rearrangement of Its Assets or if Shareholders in New Company not Identical with Shareholders under Former Management — "Satisfied" — "Necessary" — Stamp Duties Act, 1923, s 106.

Public Revenue — Stamp Duties — Conveyance by Direction — Transfer of Shares from One Company to Another — Consideration therefor provided by Third Company — Third Company having No Right to have Shares transferred to Itself or Its Nominee and not being Intermediary — Double Duty on Transfer not payable — Stamp Duties Act, 1923, s 79(c), 85(1)(a).