New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 157E

157E Circumstances in which surcharge duty is chargeable

Duty is chargeable under this Part on a relevant acquisition in a private landholder if--

(a) the private landholder has any residential land holding in New South Wales, and

(b) any person who makes the relevant acquisition (or, if a relevant acquisition results from the aggregation of interests of associated persons, any of the associated persons) is a foreign person on the date of the relevant acquisition.