New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 109

109 Determination of dutiable value of transfer

For the purposes of Chapter 2, the "dutiable value" of dutiable property that is subject to a call option assignment is taken to be the greater of:

(a) the sum of the consideration for the assignment of the right under the call option and the consideration payable in the event that the call option is exercised (being in either case the amount of monetary consideration or the value of non-monetary consideration), and

(b) the unencumbered value of the dutiable property.