Queensland Numbered Acts

REVENUE LEGISLATION AMENDMENT ACT 2017 - As at 22 June 2017 - Act 20 of 2017

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Short title
   2.      Commencement

   PART 2 - AMENDMENT OF DUTIES ACT 2001

   3.      Act amended
   4.      Amendment of s 116 (Exemption—particular agreements entered into before registration of company)
   5.      Amendment of s 232 (What is AFAD residential land)
   6.      Amendment of s 237 (What is a foreign trust)
   7.      Amendment of s 240 (Conditions for imposing AFAD)
   8.      Amendment of s 241 (Property condition for imposing AFAD)
   9.      Insertion of new s 241A
   10.     Amendment of s 242 (Definitions for pt 4)
   11.     Amendment of s 244 (AFAD for transfer duty)
   12.     Insertion of new ch 4, pt 5, div 1, hdg
   13.     Amendment of s 246A (Reassessment if corporation or trust becomes foreign)
   14.     Insertion of new ch 4, pt 5, divs 2–3
   15.     Amendment of s 246B (Charge over interest in land for unpaid transfer duty)
   16.     Replacement of s 246I (Recovery of transfer duty payment from foreign persons)
   17.     Insertion of new ch 17, pt 23
   18.     Amendment of sch 6 (Dictionary)

   PART 3 - AMENDMENT OF FIRST HOME OWNER GRANT ACT 2000

   19.     Act amended
   20.     Amendment of pt 3, div 6, hdg (Particular eligible transactions—2016–2017 financial year)
   21.     Amendment of s 25D (Meaning of particular eligible transaction for div 6)

   PART 4 - AMENDMENT OF LAND TAX ACT 2010

   22.     Act amended
   23.     Insertion of new s 22A
   24.     Amendment of s 32 (Rate of land tax generally)
   25.     Amendment of s 78 (Notice of change of ownership of land)
   26.     Insertion of new s 83A
   27.     Insertion of new pt 10, div 7
   28.     Amendment of sch 2 (Rate of land tax—companies, absentees and trustees)
   29.     Insertion of new sch 3

   PART 5 - AMENDMENT OF TAXATION ADMINISTRATION ACT 2001

   30.     Act amended
   31.     Replacement of pt 8, hdg (Confidentiality)
   32.     Insertion of new pt 8, div 2
   33.     Amendment of sch 2 (Dictionary)