New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 104K

104K Meaning of "residential-related property"

(cf section 11)

"Residential-related property" is any of the following dutiable property--

(a) residential land in New South Wales,

(b) an option to purchase residential land in New South Wales,

(c) an interest in any residential-related property referred to in paragraph (a) or (b), except to the extent that--

(i) it arises as a consequence of the ownership of a unit in a unit trust scheme and is not a land use entitlement, or

(ii) it is, or is attributable to, an option over residential-related property, or

(iii) it is a marketable security,

(d) a
"partnership interest" (being an interest in a partnership that has partnership property that is residential-related property elsewhere referred to in this section).