Australian Capital Territory Consolidated Acts

DUTIES ACT 1999 - SECT 68

    (1)     Duty of $20 is chargeable for the grant of a new Crown lease to the lessee under a previous Crown lease because of the surrender of the previous lease if the surrender was only for 1 or more of the following purposes:

        (a)     changing the purpose for which the land comprised in the lease may be used;

        (b)     granting the lessee a longer leasehold interest in the land comprised in the lease;

        (c)     reducing rent to not more than 5 cents a year;

        (d)     correcting errors or omissions.

    (2)     Duty of $20 is chargeable for the grant of new Crown leases to a lessee under a previous Crown lease because of the surrender of the previous lease if the surrender was only for—

        (a)     subdividing the land comprised in the surrendered lease; or

        (b)     that purpose and 1 or more of the purposes mentioned in subsection (1) (a) to (d).

    (3)     Duty of $20 is chargeable for the grant of a new Crown lease to a lessee under 2 or more previous Crown leases because of the surrender of the previous leases if the surrender was only for—

        (a)     consolidating the land comprised in the surrendered leases; or

        (b)     that purpose and 1 or more of the purposes mentioned in subsection (1) (a) to (d).