DUTIES ACT 2001 - SECT 229
When commissioner must make reassessment
DUTIES ACT 2001 - SECT 229
When commissioner must make reassessment
229 When commissioner must make reassessment
(1) The commissioner must make a reassessment of corporate trustee duty
imposed for a relevant acquisition if at the time of the relevant acquisition
a person is taken to have acquired a share interest in a corporation under an
agreement to acquire the interest but the agreement is not completed.
(2)
When reassessing the corporate trustee duty under subsection (1) , the
commissioner must disregard the interest mentioned in the subsection.
(3) For
the reassessment, the acquirer under the relevant acquisition must lodge the
corporate trustee duty statement for the acquisition.
