New South Wales Consolidated Acts
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DUTIES ACT 1997 - SECT 156
How duty is charged on relevant acquisitions--public landholders
(1) If an acquisition statement discloses a relevant acquisition in a
public landholder, the duty chargeable on the relevant acquisition is 10% of
the duty that would be chargeable, at the general rate, on a transfer of all
the land holdings and goods of the landholder in New South Wales (calculated
as if the transfer had occurred at the date of relevant acquisition).
that purpose, the dutiable value of the land holdings and goods is the
unencumbered value of land holdings and goods at the date of the
(3) If an acquisition disclosed in an
acquisition statement is an exempt acquisition, the duty chargeable under this
section is to be calculated after deducting from the dutiable value of the
land holdings and goods the proportion of that value represented by the value
of the interest acquired in the exempt acquisition.
(4) If the
public landholder is a widely held trust, the duty payable under this section
is also to be reduced by the following amounts (if applicable)--
amount of duty under this Act paid or payable in respect of a
dutiable transaction in relation to the units concerned,
(b) the amount of
any duty of a like nature so paid or payable under a law of another Australian
(5) If duty is chargeable in respect of a relevant acquisition
made by a person in a public landholder, no duty is chargeable in respect of
any further acquisition made by that person in that landholder.
section is subject to Part 3.
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