Victorian Current Acts

DUTIES ACT 2000 - SECT 57FB

    (1)     This section applies to the aggregation under section 24(1) of—

        (a)     one or more dutiable transactions in relation to dutiable property referred to in section 10(1)(ad) if the total unencumbered value of the fixtures to which the dutiable property relates does not exceed $3 000 000; and

        (b)     one or more dutiable transactions in relation to land other than land on which the fixtures to which the dutiable property referred to in section 10(1)(ad) are located.

    (2)     The duty chargeable on the aggregated dutiable transactions is the sum of—

        (a)     the duty (if any) that would be chargeable on the dutiable transaction or transactions in relation to dutiable property referred to in section 10(1)(ad) in accordance with section 57FA, assuming they were the only dutiable transactions being aggregated; and

        (b)     the duty that would be chargeable on the other dutiable transactions in the aggregation, assuming they were the only dutiable transactions being aggregated.

S. 57FC inserted by No. 22/2021 s. 9.