Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 229

229 When commissioner must make reassessment

(1) The commissioner must make a reassessment of corporate trustee duty imposed for a relevant acquisition if at the time of the relevant acquisition a person is taken to have acquired a share interest in a corporation under an agreement to acquire the interest but the agreement is not completed.

(2) When reassessing the corporate trustee duty under subsection (1) , the commissioner must disregard the interest mentioned in the subsection.

(3) For the reassessment, the acquirer under the relevant acquisition must lodge the corporate trustee duty statement for the acquisition.