DUTIES ACT 2001 - SECT 609 Limitation period—particular retirement village arrangements

DUTIES ACT 2001 - SECT 609

609 Limitation period—particular retirement village arrangements

(1) This section applies to duty imposed before the commencement day if—

(a) the duty was—

(i) transfer duty on the transfer, or agreement for the transfer, of residential land; or

(ii) mortgage duty imposed on a mortgage over residential land; and

(b) the land was an accommodation unit in a retirement village; and

(c) on or after the commencement day, the transferee enters into a retirement village leasing arrangement for the unit.

(2) The limitation period for a reassessment of the duty does not apply.