DUTIES ACT 2001 - SECT 637 Particular exploration land-holdings not to be taken into account for working out landholder duty

DUTIES ACT 2001 - SECT 637

637 Particular exploration land-holdings not to be taken into account for working out landholder duty

(1) This section applies if—

(a) a relevant acquisition in a landholder is made on or after the start time; and

(b) there was, before the start time, an agreement to acquire the interest that is the subject of the relevant acquisition, whether the agreement is conditional or not; and

(c) the interest is, under section 163(2)(b), acquired after the start time.

(2) Exploration land-holdings must be excluded from the Queensland land-holdings of the landholder for the purposes of—

(a) if the landholder is a private landholder—working out the dutiable value of the relevant acquisition under section 179; or

(b) if the landholder is a public landholder—working out the landholder duty imposed on the relevant acquisition under section 179A.

(3) In this section—


"exploration land-holdings" , of a landholder, means land-holdings mentioned in section 167 if the land is an exploration authority.