New South Wales Repealed Acts New South Wales Repealed ActsThis legislation has been repealed.
(1) If options to purchase and sell any property (other than stock, a marketable security or a unit in a unit trust scheme), in force at the same time, and involving the same purchasers and vendors (whether or not as assignees of previous purchasers and vendors), expire without being exercised, the options are liable to duty under section 40A instead of section 40B.
(2) The difference between any duty paid by a person under section 40B, and that payable by the person under section 40A, less $25, must be refunded to the person or the person’s executors, administrators or assigns.
(3) Application for a refund is to be made in the form approved by the Chief Commissioner not later than 12 months after the duty first becomes payable under section 40A instead of section 40B.