Western Australian Current Acts Western Australian Current Acts (1) Nominal duty is
chargeable on a transfer of dutiable property if —
(a)
there has been a dutiable transaction that is a transfer of the dutiable
property by way of security (the original transfer ); and
(b) the
original transfer is duty endorsed; and
(c) the
property is transferred back to the person that transferred it by way of
security or is transferred to a person to whom the property has been
transmitted by death or bankruptcy.
(2) If nominal duty is
chargeable on a transfer under subsection (1), nominal duty is also chargeable
on the original transfer.
(3) The Commissioner,
on the application of the taxpayer, is to reassess the liability to duty of
the original transfer under subsection (2).
(4) The limitations as
to time in the Taxation Administration Act section 17 do not apply in respect
of a reassessment under subsection (3).
[Heading inserted: No. 12 of 2019 s. 46.]