Victorian Current Acts

DUTIES ACT 2000 - SECT 57I

S. 57I(1) amended by No. 47/2020 s. 8.

    (1)     A PPR transfer is a transfer of dutiable property, being an estate in fee simple in land referred to in section 57H, if—

        (a)     the transferee, or each transferee if there are more than one, is—

              (i)     a natural person who is at least 18 years of age or, if such a person is under a legal disability, a guardian of the person; and

              (ii)     a bona fide purchaser of the land for adequate consideration; and

        (b)     the transferee, or at least one of the transferees, or, if the transferee is a guardian, the person under a legal disability, intends to occupy the land as his or her principal place of residence; and

S. 57I(1)(c) amended by No. 28/2017 s. 9(a).

        (c)     the contract for the purchase of the land was entered into on or after 1 January 2007.

S. 57I(1)(d) amended by Nos 31/2008 s. 9(1), 28/2011 s. 5, 41/2013 s. 16, repealed by No. 28/2017 s. 9(b).

    *     *     *     *     *

    (2)     The Commissioner may determine that a transfer is a PPR transfer despite a transferee or person under a legal disability being under 18 years of age if the Commissioner is satisfied that the transfer does not form part of a scheme or arrangement designed to take advantage of the benefit of this Division.
S. 57J (Heading) amended by Nos 28/2011 s. 6(1), 28/2017 s. 10(1).

S. 57J inserted by No. 86/2006 s. 3, amended by Nos 28/2011 s. 6(2), 28/2017 s. 10(2).