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DUTIES ACT 2000 - SECT 88 How duty is charged on relevant acquisitions in public landholders—non‑concessional rate

DUTIES ACT 2000 - SECT 88

How duty is charged on relevant acquisitions in public landholders—non‑concessional rate

Duty on a relevant acquisition in a public landholder is chargeable in accordance with section 86, as if the relevant acquisition were in a private landholder, if the landholder—

        (a)     in the case of a listed company or listed trust, has been listed for less than 12 months at the date of the relevant acquisition; or

        (b)     in the case of a registered declared public unit trust scheme, has been registered under section 89R for less than 12 months at the date of the relevant acquisition; or

        (c)     in the case of a widely held trust, has satisfied the definition of that term for less than 12 months at the date of the relevant acquisition.

S. 89 substituted by No. 38/2012 s. 5.