New South Wales Consolidated Acts New South Wales Consolidated ActsThe duty chargeable on the transfer of a lot within the meaning of the Strata Schemes (Freehold Development) Act 1973 or a lot in a deposited plan is $50 if:
(a) the transferee, immediately before registration of the strata plan or deposited plan, held a land use entitlement in respect of the land or part of the land the subject of the strata plan or deposited plan, and
(b) the transfer is part of an arrangement under which the transferee will take an interest in the lot similar in effect to and in substitution for the interest the transferee had under the land use entitlement immediately before registration of the strata plan or deposited plan, and
(c) one of the following applies:(i) ad valorem duty was paid on the transaction by which the land use entitlement was acquired by the transferee,(ii) section 55, 57 or 63 applied to the acquisition of the land use entitlement by the transferee, and duty was paid as provided for by the section that applied,(iii) no duty was chargeable on the acquisition of the land use entitlement by the transferee because of section 68,(iv) no duty was chargeable on the acquisition of the land use entitlement by the transferee because of section 78A (which relates to the First Home-New Home scheme).