South Australian Consolidated Acts South Australian Consolidated Acts22—Net value of annuity etc when duty chargeable
For the purposes of this Act, the value of any annuity or any interest in an
annuity or any interest for life or for a term of years at the time at which
gift duty becomes chargeable thereon shall be the net present value,
respectively, of the annuity or interest ascertained by calculation in
accordance with the provisions of the Succession Duties Act 1929 , as
amended, and the regulations thereunder.