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DUTIES ACT 2001 - SECT 85 Purpose of pt 9

DUTIES ACT 2001 - SECT 85

Purpose of pt 9

85 Purpose of pt 9

The purpose of this part is to provide for concessions for transfer duty for a dutiable transaction that is—

(a) the transfer, or agreement for the transfer, of a home or first home or of vacant land on which a first home is to be constructed; or
(b) the acquisition, on its creation, grant or issue, of a new right that is a lease—
(i) of residential land on which a home or first home is constructed or of vacant land on which a first home is to be constructed; and
(ii) for which a premium, fine or other consideration is payable; or
Note—
In relation to paragraph (b) , see also section 614 .
(c) the vesting, under section 9 (1) (d) , of a home or first home or of vacant land on which a first home is to be constructed.