Section 3 (STT Act) – Purchase of listed securities through or from member

3.  Purchase of listed securities through or from member

(1)     The taxable amount in respect of any transfer as a result of every purchase of a listed security through the agency of or from a member is the consideration for which that security is so purchased.

(2)     The member is liable for the tax payable in respect of a transfer of a listed security referred to in this section.