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DUTIES ACT 2001 - SECT 137 Exemption—mining, petroleum and other particular legislation

DUTIES ACT 2001 - SECT 137

Exemption—mining, petroleum and other particular legislation

137 Exemption—mining, petroleum and other particular legislation

(1) Transfer duty is not imposed on a dutiable transaction that is—
(a) the grant of a resource authority; or
(b) the transfer, or an agreement for the transfer, of a mining claim, or a share in a mining claim, under the Mineral Resources Act 1989 if the consideration is not more than $100.
(2) Transfer duty is not imposed on a dutiable transaction that is—
(a) the grant of a tenure under the Offshore Minerals Act 1998 ; or
(b) the transfer, or agreement for the transfer, of a tenure or interest in a tenure, under that Act.
(3) Transfer duty is not imposed on a dutiable transaction that is—
(a) the grant of an access authority, licence, permit or pipeline licence under the Petroleum (Submerged Lands) Act 1982 ; or
(b) the transfer, agreement for the transfer or surrender, of—
(i) an authority, licence or permit mentioned in paragraph (a) ; or
(ii) an interest in an authority, licence or permit mentioned in paragraph (a) .
(4) Subsection (1) applies to a dutiable transaction if liability for transfer duty arose or arises on or after 1 March 2002.