DUTIES ACT 2001 - SECT 84P Exclusion of arrangements to avoid the imposition of transfer duty

DUTIES ACT 2001 - SECT 84P

84P Exclusion of arrangements to avoid the imposition of transfer duty

(1) This section applies to a dutiable transaction that is a farm-in agreement if the transaction is part of an arrangement to avoid the imposition of transfer duty.

(2) The commissioner must make an assessment to impose transfer duty on the transaction as if the transaction were not a farm-in agreement under this part.

(3) Subsection (2) applies despite the limitation period under the Administration Act for reassessments.

Note—

See the Administration Act , part 3 , division 3 .