Western Australian Current Acts

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DUTIES ACT 2008 - SECT 30

30 .         Consideration for dutiable transaction

        (1)         The consideration for a dutiable transaction includes —

            (a)         the amount of any liabilities assumed under the transaction, including an obligation, whether contingent or otherwise, to pay any unpaid purchase money payable under an agreement for the transfer of dutiable property; and

            (b)         the amount or value of any debt to the extent it is released or extinguished under the transaction.

        (2)         If the consideration, or any part of the consideration, for a dutiable transaction on which duty is chargeable consists of an amount payable periodically and the total amount to be paid can be ascertained, the consideration or part of the consideration is the total amount.

        (3)         It does not matter whether the consideration for a transaction on which duty is chargeable is paid or given or is required to be paid or given.



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