Australian Capital Territory Numbered Acts

DUTIES AMENDMENT ACT 2009 (NO 2) (NO. 45 OF 2009) - SECT 8

substitute

    (2)     The commissioner must reassess and refund duty paid on an agreement if—

        (a)     the agreement is not liable to duty under this chapter because of this section; and

        (b)     an application for a refund is made within the later of—

              (i)     5 years after the initial assessment; or

              (ii)     1 year after the agreement is cancelled.

    (3)     In this section:

"cancelled" means rescinded, annulled or otherwise terminated without completion.