(1) A person must give the commissioner notice of becoming the owner of land within 1 month after becoming the owner.Note—Under the Administration Act , the requirement under this subsection is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act.
(2) A person must give the commissioner notice of ceasing to be the owner of land within 1 month after ceasing to be the owner.Note—Under the Administration Act , the requirement under this subsection is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act.
(3) A person is not required to comply with subsection (1) or (2) if—(a) a properly completed combined form, together with an instrument of transfer for the land, is given to the registrar of titles; and(b) the instrument of transfer is registered by the registrar of titles within 1 month after ownership of the land changed; and(c) a properly completed revenue form is given to the commissioner within 1 month after ownership of the land changed.
(4) In this section—
"combined form" means a form that—(a) gives information required by this section and other Acts about a change of ownership of land; and(b) may be given to the registrar of titles.
"revenue form" means a form that—(a) gives information required by this section and another revenue law under the Taxation Administration Act 2001 about the change of ownership; and(b) may be given to the commissioner.