Australian Capital Territory Repealed Acts

This legislation has been repealed.

STAMP DUTIES AND TAXES ACT 1987 (REPEALED) - SECT 29

(1)     Where—

        (a)     an amount of stamp duty has been paid on a grant of a Crown lease;

        (b)     the lease is surrendered or determined; and

        (c)     part or all of the amount paid in respect of the grant of the lease is refunded pursuant to section 37A of the City Area Leases Act 1936 ;

there shall be refunded to the person who paid the duty an amount calculated in accordance with the formula

where—

    D     is the amount of duty;

    R     is the amount that would be refundable under that section if no deduction were made for administrative expenses; and

    P     is the amount paid in respect of the grant of the lease.

(2)     A refund of duty is not payable unless the person lodges with the Commissioner, within 12 months after the refund referred to in paragraph (1) (c) was made, a written application, with such information as the Commissioner requires to enable the amount of the refund to be calculated.