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DUTIES ACT 2000

Table of Provisions

PART 1--INTRODUCTION AND OVERVIEW

  • 7 Imposition of duty on certain transactions concerning dutiable property  
  • 7A Vesting of land in Victoria by statute law  
  • 8 Imposition of duty on dutiable transactions that are not transfers  
  • 9 What form must a dutiable transaction take?  
  • 10 What is dutiable property?  
  • 11 When does a liability for duty arise?  
  • 12 Who is liable to pay the duty?  
  • 13 The liability of joint tenants  
  • 14 Necessity for written instrument or written statement  
  • 15 Lodging written instrument or statement with Commissioner  
  • 16 When must duty be paid?  
  • 17 No double duty  
  • 18 What is the rate of duty?  
  • 18A Foreign purchasers—duty in respect of change of use of land  
  • 19 Concessions and exemptions from duty  
  • 19A Foreign purchasers not entitled to concessions  

PART 2--DUTIABLE VALUE

  • 20 What is the dutiable value of dutiable property?  
  • 21 What is the consideration for the transfer of dutiable property?  
  • 21A Commissioner may publish percentage  
  • 21B Records to be kept  
  • 21C Period of retention  
  • 21D Power to require documents  
  • 21E Joint and several liability for additional duty  
  • 22 What is the unencumbered value of dutiable property?  
  • 22A Tenant's fixtures to be included in the value of land  
  • 22B Interdependent sale of land and business goods  
  • 23 Arrangements that reduce the dutiable value of marketable securities  
  • 24 Aggregation of certain dutiable transactions  
  • 24A Dutiable transactions relating to vacant land and construction of residential premises—where not constructed  
  • 25 Apportionment—dutiable property and other property  
  • 26 Partitions of marketable securities  
  • 27 Partitions of land  

PART 3--RATES OF DUTY

PART 4--SPECIAL PROVISIONS

  • 30 Interim payment of duty  
  • 30A Interim payment of duty in relation to electronic transactions  
  • 32 Transfers arising from mortgages of land  

PART 4A--TRANSACTIONS TREATED AS SUB-SALES OF LAND

Division 1--Introduction

  • 32A Definitions  

Division 2--Transfers involving additional consideration

  • 32B Application of Division  
  • 32C How duty is charged on transfer  
  • 32D Dutiable value of transactions  
  • 32E When does the liability to duty arise?  
  • 32F Who is liable to pay the duty?  
  • 32G Exemptions and concessions  

Division 3--Transfers involving land development

  • 32I Application of Division  
  • 32J How duty is charged on transfer  
  • 32K Dutiable value of transactions  
  • 32L When does the liability to duty arise?  
  • 32M Who is liable to pay the duty?  
  • 32N Exemptions and concessions  

Division 3A--Transfers resulting from options involving additional consideration

  • 32O Application of Division  
  • 32OA How duty is charged on transfer  
  • 32OB Dutiable value of transactions  
  • 32OC When does the liability to duty arise?  
  • 32OD Who is liable to pay the duty?  
  • 32OE Exemptions and concessions  

Division 4--Transfers resulting from options involving land development

  • 32P Application of Division  
  • 32Q How duty is charged on transfer  
  • 32R Dutiable value of transactions  
  • 32S When does the liability to duty arise?  
  • 32T Who is liable to pay the duty?  
  • 32U Exemptions and concessions  

Division 5--Miscellaneous

  • 32V Provisions for determining consideration  
  • 32W Transactions between relatives  
  • 32X Parties required to provide information to Commissioner  
PART 4B--ACQUISITION OF ECONOMIC ENTITLEMENTS IN RELATION TO RELEVANT LAND

PART 5--EXEMPTIONS AND CONCESSIONAL RATES OF DUTY

Division 1--Trusts

  • 32XJ Definitions  
  • 32Y References to dutiable property  
  • 33 Change in trustees  
  • 34 Property vested in an apparent purchaser  
  • 35 Transfers to and from a trustee or nominee  
  • 36 Property passing to beneficiaries of fixed trusts  
  • 36A Property passing to beneficiaries of discretionary trusts  
  • 36B Property passing to unitholders in unit trust schemes  
  • 36C Effect of certain mortgages on trust exemptions  
  • 37 Establishment of a trust relating to unidentified property and non‑dutiable property  
  • 38 Exemptions from duty under section 37  
  • 38A Special disability trusts  
  • 38AB Building requirement—special disability trusts  
  • 38AC Residence requirement—special disability trusts  
  • 38AD Variation of residence requirement—special disability trusts  
  • 38AE Liability for duty if residence requirement not complied with—special disability trusts  
  • 38AF Trustee to notify Commissioner of change in circumstances—special disability trusts  

Division 2--Superannuation

  • 38B References to dutiable property  
  • 39 Instruments relating to superannuation  
  • 40 Transfer of property from one superannuation fund to another  
  • 41 Transfers to trustees or custodians of superannuation funds or trusts  
  • 41A Property passing to beneficiaries of superannuation funds  

Division 3--Other general exemptions and concessions

Division 4--Exemptions and concessions in relation to land

Division 4A--Principal places of residence and first home buyers

  • 57G Definitions  
  • 57H Land to which this Division applies  
  • 57I What is a PPR transfer?  
  • 57J Rates of duty for certain PPR transfers  
  • 57JA Exemption or concession for certain first home buyers on PPR transfers  
  • 57JB Requirements—first home buyers  
  • 57K Residence requirement  
  • 57L Variation of residence requirement  
  • 57M Liability for duty if residence requirement not complied with  
  • 57N Transferee to notify Commissioner of change in circumstances  

Division 4B--Principal places of residence and persons with a disability

  • 57O Definitions  
  • 57P Exemption for transfer of principal place of residence to person with a disability  
  • 57Q Qualifying requirement  
  • 57R Building requirement  
  • 57S Residence requirement  
  • 57T Variation of residence requirement  
  • 57U Liability for duty if residence requirement not complied with  
  • 57V Transferee to notify Commissioner of change in circumstances  

Division 5--Pensioner and concession card duty reduction and eligible first home owner exemptions and concessions

  • 58AA Definition  
  • 58 Who is an eligible cardholder?  
  • 59 Land to which an eligible cardholder exemption or concession may apply  
  • 60 Eligible cardholder exemption or concession  
  • 60AA Eligible cardholder exemption or concession requirements  
  • 60AAB Residence requirement  
  • 60AAC Variation of residence requirement  
  • 60AAD Liability for duty if residence requirement not complied with  
  • 60AAE Persons must notify Commissioner of change in circumstance  
  • 60A Election to receive exemption/concession  
  • 61 Who is an eligible first home owner?  
  • 62 Eligible first home owner exemption or concession where dwelling exists at the time of transfer  
  • 63 Eligible first home owner exemption or concession where dwelling is constructed after transfer  
  • 63A Temporary suspension of first home owner exemption or concession  
  • 63B Election to receive eligible first home owner exemption/concession or additional first home owner grant  
  • 64 Double duty for false or misleading statements  

Division 5A--Commercial and industrial land in regional Victoria

  • 64A Definitions  
  • 64B Reduction in duty in relation to eligible transfers  
  • 64C Calculation of duty for certain aggregated transactions  
  • 64D Election to receive reduction or other concession or exemption  
  • 64E Use requirement  
  • 64F Variation of use requirement  
  • 64G Liability for duty if use requirement not complied with  
  • 64H Transferee to notify Commissioner of change in circumstances  

Division 6--Exemptions and concessions in relation to marketable securities

Division 7--Young farmers

  • 69AA Definitions  
  • 69AB Disqualifying interest  
  • 69AC Primary production requirement  
  • 69AD Exemption or concession for young farmers  
  • 69AE Calculation of exemption or concession on transfer of single parcel of land or partial interest in single parcel of land  
  • 69AF Calculation of exemption on transfer of multiple parcels and partial interests of land  
  • 69AG Election to receive young farmer exemption/concession or principal place of residence concession  
  • 69AH Liability for duty if primary production requirement not complied with  
  • 69AI Farmer to notify Commissioner of change in circumstances  

Division 8--Exemption from additional duty for foreign purchasers

PART 6--TAX AVOIDANCE SCHEMES

  • 69A Imposition of duty  
  • 69B What is a tax avoidance scheme?  
  • 69C Anti-avoidance provision  
  • 69D Misleading information  

PART 1--INTRODUCTION AND OVERVIEW

  • 70 Imposition of duty  

PART 2--ACQUISITION OF INTERESTS IN CERTAIN LANDHOLDERS

Division 1--Landholders

  • 71 Meaning of landholder  
  • 72 What are land holdings?  
  • 72A Land holdings of unit trust schemes where section 32XD applies  
  • 73 What does land include?  
  • 74 Effect of uncompleted agreements  
  • 75 Constructive ownership of land holdings—linked entities  
  • 76 Constructive ownership of land holdings—discretionary trusts  

Division 2--Charging of duty

Division 3--Exemptions and concessions

  • 89D Exemptions  
  • 89E Duty concession—anomalous duty outcome  
  • 89F Duty concession—acquisitions securing the provision of finance  

Division 4--Valuation and supplementary calculation provisions

  • 89G Valuation of land holdings  
  • 89H Maximisation of entitlements on distribution of land holdings  
  • 89I Agreements for sale, transfer or purchase of land  
  • 89J Re-purchase facilities—widely held trusts  
  • 89K Re-purchase facilities—wholesale unit trust schemes  

Division 5--Tax avoidance schemes

  • 89L Imposition of duty  
  • 89M What is a tax avoidance scheme?  
  • 89N Anti-avoidance provision  
  • 89O Misleading information  

Division 6--Registration of unit trust schemes

PART 3--ENTITLEMENTS ARISING FROM CAPITAL REDUCTIONS OR RIGHTS ALTERATIONS

  • 90 Definitions  
  • 91 When does a liability for duty arise?  
  • 92 When must duty be paid?  
  • 93 Who is liable to pay the duty?  
  • 94 Entitlement to voting shares arising from capital reduction or rights alteration  
  • 95 Content of statement  
  • 96 Assessment of duty  

PART 4--ALLOTMENT OF SHARES BY DIRECTION

  • 97 Application of Part  
  • 98 When does a liability for duty arise?  
  • 99 When must duty be paid?  
  • 100 Who is liable to pay the duty?  
  • 101 Acquisition of shares by allotment  
  • 102 Allotment statement  
  • 103 Assessment of duty  

PART 5--ACQUISITION OF LAND USE ENTITLEMENTSBY ALLOTMENT OF SHARES OR ISSUE OF UNITS

  • 103A When does a liability for duty arise?  
  • 103B When must duty be paid?  
  • 103C Who is liable to pay the duty?  
  • 103D Acquisition of land use entitlement  
  • 103E Form of statement  
  • 103F Assessment of duty  
  • 104 Imposition of duty  
  • 105 When does a liability for duty arise?  
  • 106 Who is liable to pay the duty?  
  • 107 Statement on transfer of property  
  • 108 Assessment of duty  
  • 109 Exemption  

PART 1--INTRODUCTION AND OVERVIEW

  • 125 Imposition of duty  
  • 125A Hire of goods duty abolished from January 2007  
  • 126 What is a commercial hire business?  
  • 127 Hire of goods to which this Chapter applies—jurisdictional nexus  
  • 128 What are goods?  
  • 129 What is a hire of goods?  
  • 130 What is an equipment financing arrangement?  
  • 131 What form may a hire of goods take?  
  • 132 Exclusions from the definition of hire of goods  
  • 133 Special hiring agreements  
  • 134 What is the rate of duty?  
  • 135 What are hiring charges?  
  • 136 Payments exempted from hiring charges  
  • 137 Credit for duty paid in another Australian jurisdiction  
  • 138 Splitting or redirection of hiring charges (anti‑avoidance provision)  
  • 139 Ascertainment and disclosure of place of use of goods  

PART 2--REGISTRATION OF COMMERCIAL HIRE BUSINESSES AND PAYMENT OF DUTY

  • 140 Commercial hire businesses must be registered  
  • 141 Registration of commercial hire businesses  
  • 142 Cancellation of registration of commercial hire business  
  • 143 Register of commercial hire businesses  
  • 144 Duty base  
  • 145 Lodgement of returns and payment of duty  
  • 146 Statement of special hiring agreement  
  • 147 Lodgement of statement and payment of duty  

PART 1--INTRODUCTION AND OVERVIEW

PART 2--CALCULATING THE AMOUNT SECURED BY A MORTGAGE

PART 3--DUTY CONCESSIONS

  • 166 Refinancing of loans  
  • 167 Eligible mortgages under concession schemes  

PART 4--EXEMPTIONS

PART 5--MISCELLANEOUS

PART 1--INTRODUCTION AND OVERVIEW

  • 175 Imposition of duty  

PART 2--GENERAL INSURANCE

Division 1--Duty in respect of general insurance

Division 2--How duty is paid by an insurer

  • 184 Who is an insurer?  
  • 185 Certain insurers must be registered  
  • 186 Registration  
  • 187 Cancellation of registration by the Commissioner  
  • 188 Cessation of business and cancellation of registration by the insurer  
  • 189 Register of insurers  
  • 190 Monthly returns and payment of duty  
  • 191 Recovery of duty by registered insurer  

Division 3--Apportionment of premiums and other amounts between States and Territories

  • 192 Application of Division  
  • 193 Schedule of Apportionment  
  • 194 Apportionment in practice  

Division 4--Apportionment of premiums and other amounts as between different types of insurance

Division 5--Exempt insurance

Division 6--Miscellaneous

  • 197 Effect on contract of insurance of failure to comply with this Chapter  

PART 4--TRANSPORT ACCIDENT CHARGES

  • 209 Imposition of duty  
  • 210 Who is liable to pay the duty?  
  • 211 Rate of duty  
  • 212 How is duty paid?  
  • 213 Refund of duty if transport accident charge is refunded  

PART 1--INTRODUCTION AND OVERVIEW

PART 3--EXEMPTIONS

PART 4--DUTY ON CHANGE OF USE

  • 238 Duty on statement of change of use  

PART 5--REFUND OF DUTY

  • 240 Entitlement to refund  

PART 1--SALE OF CATTLE

  • 241 Imposition of duty  
  • 242 What is the rate of duty?  
  • 243 What is the purchase money?  

PART 2--SALE OF SHEEP AND GOATS

  • 244 Imposition of duty  
  • 245 What is the rate of duty?  

PART 3--SALE OF PIGS

  • 246 Imposition of duty  
  • 247 What is the rate of duty?  
  • 248 What is the purchase money?  

PART 4--REGISTRATION OF APPROVED AGENTS

PART 1--SECURITY FOR PAYMENT OF TAX

  • 249 Security for payment of tax  

PART 2--CORPORATE RECONSTRUCTIONS

Division 1--Exemptions and concessions for corporate consolidations and reconstructions

  • 250 Definitions  
  • 250A What is an eligible transaction?  
  • 250AB What is an arrangement?  
  • 250B Concession and exemptions for certain transactions arising out of corporate reconstructions, corporate consolidations and arrangements  
  • 250DG Special provision in relation to landholder duty if there has been a corporate consolidation involving a private unit trust scheme  

Division 1B--Exchange of stapled ownership interests for ownership interests in aunit trust scheme

  • 250DH Definitions  
  • 250DI Concession for relevant acquisitions  

PART 3--MANAGED INVESTMENT SCHEMES

PART 3A--CORPORATE COLLECTIVE INVESTMENT VEHICLES

PART 4--MORTGAGE-BACKED SECURITIES

PART 1--STAMPING INSTRUMENTS

PART 2--AUTHORISATION OF RETURNS SYSTEMS

  • 264 Authorised persons  
  • 264A Application for authorisation  
  • 264B Conditions of authorisation  
  • 264C Gazettal or service of notices  
  • 265 Endorsement of instruments by authorised persons  
  • 266 Payment of duty by authorised persons  
  • 267 Offset of overpaid amounts  
  • 268 Unauthorised endorsement  

PART 3--ENFORCEMENT

  • 269 Registration of instruments  
  • 270 Registration of transfer of shares in private companies  
  • 271 Registration of transfer of units  
  • 272 Receipt of instruments in evidence  
  • 273 Valuation of property  
  • 274 Ascertainment of value of certain items  
  • 275 Impounding of instruments  
  • 276 Injunction to prevent unregistered businesses trading  
  • 277 First charge on land—foreign purchasers of residential property  
  • 278 Registration of charge  
  • 282 Payments from Consolidated Fund  
  • 283 Regulations  
  • 286 Transitional provisions  

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