DUTIES ACT 2000 - SECT 28 General rate
DUTIES ACT 2000 - SECT 28
General rate (1) The rate of duty chargeable on a dutiable
transaction is chargeable to the nearest whole dollar of the amount determined
as follows or, if that amount is an amount of dollars and fifty cents, to the
nearest whole dollar below that
amount—
S. 28(1) (Table) substituted by No. 31/2008 s. 5,
amended by No. 22/2021 s. 6.
|
Dutiable value of the dutiable property the subject of the dutiable transaction |
|
|---|---|
|
Not more than $25 000 |
1·4% of the dutiable value |
|
More than $25 000 but not more than $130 000 |
$350 plus 2·4% of that part of the dutiable value that exceeds $25 000 |
|
More than $130 000 but not more than $960 000 |
$2870 plus 6% of that part of the dutiable value that exceeds $130 000 |
|
More than $960 000 but |
5·5% of the dutiable value |
|
More than $2 000 000 |
$110 000 plus 6·5% of that part of the dutiable value that exceeds $2 000 000 |