New South Wales Consolidated Acts
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DUTIES ACT 1997 - SECT 50A
Cancelled transfers of dutiable property
(1) A transfer of dutiable property that is effected by an instrument is not
liable to duty under this Chapter if the Chief Commissioner is satisfied
(a) the transfer instrument has been cancelled and the
dutiable property has not been transferred to the transferee, and
transfer was not cancelled to give effect to a subsale.
(2) If duty has been
paid on a transfer of dutiable property that is not liable to duty under this
Chapter because of this section, the Chief Commissioner must reassess and
refund the duty if an application for a refund is made within 5 years of the
(3) The transfer instrument in respect of which the
application is made must be surrendered to the Chief Commissioner unless the
Chief Commissioner dispenses with that requirement.
(4) In this section,
"cancelled" includes abandoned.
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