DUTIES ACT 2000 - SECT 57N Transferee to notify Commissioner of change in circumstances
DUTIES ACT 2000 - SECT 57N
Transferee to notify Commissioner of change in circumstancesS. 57N(1) amended by No. 28/2011 s. 11, substituted by No. 28/2017 s. 15.
(1) A transferee who has received any of the following must lodge a written notice with the Commissioner within 30 days after becoming aware of any circumstances that may result in the residence requirement not being complied with—
(a) a PPR concessional rate;
(b) an exemption or concession from duty under section 57JA;
(c) an adjustment of consideration under section 21(3) or (4) or 32V(3) or (4).
(2) A failure of a transferee to comply with subsection (1) does not affect the Commissioner's power to reassess duty under section 57M or to exercise a discretion under section 57L.
S. 57O inserted by No. 86/2006
s. 3,
repealed by No. 31/2008 s. 9(3).
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Ch. 2 Pt 5 Div. 4B (Heading and ss 57O– 57V) inserted by No. 18/2023 s. 9
Division 4B—Principal places of residence and persons with a disability
New s. 57O inserted by No. 18/2023 s. 9.