New South Wales Consolidated Acts
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DUTIES ACT 1997 - SECT 85A
Maximum of one eligible transaction per financial year
(1) A transaction (a
"new transaction" ) is not eligible if--
(a) a payment of a grant under this
Division has been made to the transferee, or any one of them, in respect of
another transaction, and
(b) that other transaction occurred in the same
financial year as the new transaction.
(2) For the purposes of this section,
the date on which a transaction occurs is--
(a) in the case of an agreement
for sale or transfer or a transfer executed in conformity with an agreement
for sale or transfer--the date on which the agreement for sale or transfer is
entered into, or
(b) in the case of a transfer executed otherwise than in
conformity with an agreement for sale or transfer, the date on which the
(3) In this section--
"financial year" means a year ending on 30 June.
"transaction" means an agreement for sale or transfer or a transfer.
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