Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 86D

86D What is a vacant land concession beneficiary

(1) A person is a
"vacant land concession beneficiary" in relation to particular land if—

(a) the person was—

(i) a transferee under a dutiable transaction that was the transfer, or agreement for the transfer, of the land; or

(ii) a lessee under a dutiable transaction that was the acquisition, mentioned in section 85 (b) , of a lease of the land; or

(iii) a vested person for the land under a dutiable transaction that was the vesting, mentioned in section 85 (c) , of the land; and

(b) under section 92 or 93A , a concession applied to the transaction; and

(c) at the time of the transaction, the land was vacant land.

(2) For subsection (1) (b) , a transaction that was assessed on the basis of a concession under section 92 or 93A is taken to be a transaction to which a concession under section 92 or 93A applied even if the transaction was reassessed under section 153 or 154 .