Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 146

146 Exemption—leases of particular residences

(1) Transfer duty is not imposed on an acquisition of a new right that is a lease of land in Queensland if—

(a) the new right is an instrument that is—

(i) a lease of a dwelling house; or

(ii) a site agreement; and

(b) the leased premises are not used for carrying on a business or commercial venture; and

(c) there is no premium, fine or other consideration payable for the grant of the new right.

(2) In this section—

"leased premises" includes the land the subject of a site agreement.