DUTIES ACT 2001 - SECT 85 Purpose of pt 9
DUTIES ACT 2001 - SECT 85
Purpose of pt 985 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; orNote—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.