Australian Capital Territory Numbered Acts

REVENUE LEGISLATION (HOUSING AFFORDABILITY INITIATIVES) AMENDMENT ACT 2007 (NO. 29 OF 2007) - SECT 7

insert

    (1A)     However, the dutiable value of a dutiable transaction that is a purchase agreement for a declared affordable house and land package, is the lesser of—

        (a)     the value of the land component of the package on the date of the agreement; and

        (b)     the value of the land component of the package on the date the liability for duty arises under section 16A (1).