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DUTIES ACT 2000 - SECT 57G

Definitions

    (1)     In this Division—

S. 57G(1) def. of
eligible first home buyer inserted by No. 28/2011 s. 4, repealed by No. 41/2013 s. 15.

    *     *     *     *     *

S. 57G(1) def. of guardian amended by No. 13/2019 s. 221(Sch.  1 item 13).

"guardian" of a person under a legal disability includes—

        (a)     a trustee who holds property on trust for the person under an instrument of trust or direction of a court or tribunal;

        (b)     an administrator for the person within the meaning of the Guardianship and Administration Act 2019 ;

S. 57G(1) def. of PPR concessional rate inserted by No. 28/2017 s. 8.

"PPR concessional rate" means a rate of duty specified in section 57J for a PPR transfer where the dutiable value of the dutiable property is more than $130 000 but not more than $550 000;

"residence requirement" means the requirement referred to in section 57K as varied (if at all) by the Commissioner under section 57L.

S. 57G(2) inserted by No. 39/2009 s. 14.

    (2)     For the purposes of this Division, a reference to—

        (a)     a bona fide purchaser of the land for adequate consideration includes a reference to—

              (i)     a person to whom a lease referred to in section 7(1)(b)(v) has been granted;

              (ii)     a person to whom a lease referred to in section 7(1)(b)(va) has been transferred or assigned;

        (b)     a contract for the purchase of the land includes a reference to—

              (i)     the granting of a lease referred to in section 7(1)(b)(v);

              (ii)     the transfer or assignment of a lease referred to in section 7(1)(b)(va) ;

        (c)     a transfer of dutiable property, being an estate in fee simple includes a reference to—

              (i)     the granting of a lease referred to in section 7(1)(b)(v);

              (ii)     the transfer or assignment of a lease referred to in section 7(1)(b)(va) ;

        (d)     a transferee includes a person to whom a lease referred to in section 7(1)(b)(v) or  7(1)(b)(va) is granted, transferred or assigned.

S. 57H inserted by No. 86/2006 s. 3, substituted by No. 47/2020 s. 7.



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