DUTIES ACT 2001 - SECT 639
Transfer duty—dutiable transactions not assessed before commencement day
DUTIES ACT 2001 - SECT 639
Transfer duty—dutiable transactions not assessed before commencement day
639 Transfer duty—dutiable transactions not assessed before commencement day
(1) This section applies to a dutiable transaction for which liability for
transfer duty arose during the retrospectivity period, if—
(a) but for this
division, the dutiable value of the transaction would have been required to be
assessed without having regard to an exploration authority; and
(b) because
of this division, the dutiable value of the transaction is required to be
assessed having regard to dutiable property that is an exploration authority;
and
(c) before the commencement day, an assessment of a party’s liability
for transfer duty on the dutiable transaction has not been made, or taken to
have been made, by the commissioner.