DUTIES ACT 2001 - SECT 636 Exemption from transfer duty for transfer of exploration authority under particular agreements

DUTIES ACT 2001 - SECT 636

636 Exemption from transfer duty for transfer of exploration authority under particular agreements

(1) This section applies to a dutiable transaction mentioned in section 9(1)(a) that is the transfer, on or after the start time, of an exploration authority if—

(a) the transfer is made under an agreement for the transfer of the exploration authority, whether conditional or not; and

(b) the agreement for the transfer was entered into before the start time.

(2) Transfer duty is not imposed on the dutiable transaction.