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This is a Bill, not an Act. For current law, see the Acts databases.


DUTIES AMENDMENT BILL 2012

2012

THE LEGISLATIVE ASSEMBLY

FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)

(Treasurer)

Duties Amendment Bill 2012

A Bill for

An Act to amend the Duties Act 1999









The Legislative Assembly for the Australian Capital Territory enacts as follows:

1 Name of Act

This Act is the Duties Amendment Act 2012.

2 Commencement

This Act commences on the day after its notification day.

Note The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).

3 Legislation amended

This Act amends the Duties Act 1999.

4 What is the dutiable value of dutiable property?

New section 20 (1) (b) (ia)

insert

(ia) for a land rent lease—the amount that would be the unencumbered value of the lease if it were a Crown lease that is not a land rent lease;

5 Section 20 (5), new definition of land rent lease

insert

land rent lease—see the Land Rent Act 2008, section 7 (4).

Endnotes

1 Presentation speech

Presentation speech made in the Legislative Assembly on 29 March 2012.

2 Notification

Notified under the Legislation Act on 2012.

3 Republications of amended laws

For the latest republication of amended laws, see www.legislation.act.gov.au.











































© Australian Capital Territory 2012

 


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