Common use of Stamp Duty Clause in Contracts

Stamp Duty. (1) Subject to subclause (2) the State after the Project Commencement Date will upon application by the Joint Venturers to the Minister, within 30 days after receipt of the application, repay to the Joint Venturers stamp duty paid in respect of the instruments evidencing the several transactions, particulars of which are set out in Schedule 7, necessary to establish the joint venture referred to in Recital A. (2) The amount repaid pursuant to subclause (1) will not exceed $1,500,000.