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DUTIES ACT 2008 - SECT 266D

DUTIES ACT 2008 - SECT 266D

266D .         Application of s. 266B and 266C to foreign transfer duty and foreign landholder duty

                If foreign transfer duty or foreign landholder duty is chargeable on a relevant reconstruction transaction, sections 266B and 266C apply in relation to the foreign transfer duty or foreign landholder duty chargeable on the relevant reconstruction transaction as if —

            (a)         a reference to transfer duty were a reference to foreign transfer duty; and

            (b)         a reference to landholder duty were a reference to foreign landholder duty; and

            (c)         a reference to a landholder were a reference to a residential landholder (as defined in section 205ZD(1)); and

            (d)         a reference to a relevant acquisition were a reference to a foreign landholder acquisition (as defined in section 205ZD(1)); and

            (e)         a reference to land assets (as defined in section 148(1)) were a reference to residential property; and

            (f)         a reference to an acquirer were a reference to a foreign acquirer (as defined in section 205ZD(1)); and

            (g)         a reference to a provision of Chapter 3 were a reference to that provision as applied by section 205ZE(1).

        [Section 266D inserted: No. 12 of 2019 s. 128.]

        [Heading inserted: No. 29 of 2023 s. 8.]