Australian Capital Territory Numbered Acts

RATES ACT 2004 (NO. 3 OF 2004) - SECT 75

    (1)     If the owner or lessee of rateable land transfers his or her interest in the land, the transferor and transferee must each give the commissioner written notice of the transfer that complies with subsection (2) within 30 days after the day of transfer.

    (2)     The notice must state the following:

        (a)     the name, residential address, and address for service of documents, of the person giving the notice;

        (b)     the distinguishing number or name given to the division, block or section to describe the land under the Districts Act 2002 ;

        (c)     if the land or lease is registered under the Land Titles Act 1925 —particulars of the entry in the register;

        (d)     the value of the consideration for the transfer;

        (e)     the date of any agreement to make the transfer and the date when the instruments to effect the transfer were executed;

        (f)     any other particulars prescribed under the regulations.

Note      If a form is approved under the Taxation Administration Act, s 139C for the notice, the form must be used.

    (3)     A person commits an offence if the person contravenes subsection (1).

Maximum penalty: 5 penalty units.

    (4)     An offence against this section is a strict liability offence.