New South Wales Consolidated Acts

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Possessory applications

104ZI Possessory applications

(1) A possessory application under the Real Property Act 1900 in respect of residential land that is chargeable with ad valorem duty under Chapter 2 because of section 52 is chargeable with surcharge purchaser duty, as a transfer of the land, if any of the applicants are foreign persons.
(2) For that purpose--
(a) the dutiable value of the land is the land value of the land within the meaning of the Valuation of Land Act 1916 , and
(b) applicants who are foreign persons are liable to pay the surcharge purchaser duty.

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