DUTIES ACT 2001 - SECT 140 Exemption—particular water entitlements

DUTIES ACT 2001 - SECT 140

140 Exemption—particular water entitlements

Transfer duty is not imposed on a dutiable transaction that is the grant of a water entitlement to the extent that it replaces and represents—

(a) a water entitlement held by the grantee; or

(b) an authority to take water under the repealed Water Resources Act 1989 held by the grantee immediately before the repeal of that Act.