DUTIES ACT 2001 - SECT 571 Application of amendments about concession for transfer duty for residential land or vacant land

DUTIES ACT 2001 - SECT 571

571 Application of amendments about concession for transfer duty for residential land or vacant land

(1) The relevant provisions, as in force on 1 January 2007, apply to dutiable transactions only if liability for transfer duty arises on or after 1 January 2007.

(2) The relevant provisions, as in force immediately before 1 January 2007, apply to a dutiable transaction that is the transfer, or agreement for the transfer, of residential land or vacant land made on or after 1 January 2007 if—

(a) the transfer or agreement replaces a transfer, or an agreement for the transfer, that included the land and was made before 1 January 2007; or

(b) the transferee had an option to purchase the land, or the transferor had an option to require the transferee to purchase the land, granted before 1 January 2007 and exercised on or after 1 January 2007; or

(c) another arrangement was made before 1 January 2007 the sole or main purpose of which was to defer the making of the transfer or agreement until 1 January 2007 or later so the concession for transfer duty under the relevant provisions, as in force on or after 1 January 2007, would apply in relation to the dutiable transaction.

(3) In this section—


"relevant provisions" means the following provisions—

• chapter 2, part 9, divisions 2 and 3

• chapter 2, part 14, division 1

• schedule 4A.