Queensland Numbered Acts

COMMUNITY AMBULANCE COVER LEVY REPEAL AND REVENUE AND OTHER LEGISLATION AMENDMENT ACT 2011 No. 20 - SECT 136

(1) Section 93(1)(c)—

omit, insert—

'(c) the residence is the first home of 1 or more of the transferees, 1 or more of the lessees or 1 or more of the vested persons (each relevant persons) but not all the transferees, all the lessees or all the vested persons; and'.

(2) Section 93(2)(b), 'home or'—

omit.

(3) Section 93(4) and (5)—

omit.

(4) Section 93(3A) and (3B)—

renumber as section 93(4) and (5).

(5) Section 93(6), from 'For subsections' to end of paragraph (a)—

omit, insert—

'For subsection (6)—'.

(6) Section 93(6)(b) and (c)—

renumber as section 93(6)(a) and (b).

(7) Section 93(6)(d)—

omit.

(8) Section 93(7), from 'subsection (6)(c)' to 'first home'—

omit, insert—

'subsection (7)(b) is the part of the residential land relating to the person's first home'.

(9) Section 93(6) and (7)—

renumber as section 93(7) and (9).

(10) Section 93—

insert—

'(6) The transfer duty imposed on a dutiable transaction to which this section applies is the amount worked out by deducting, from transfer duty on the dutiable value of the transaction, the lesser of the following amounts—

(a) the total amount worked out, for each relevant person, by applying the relevant person's interest to the concession amount stated in schedule 4A opposite the dutiable value of the residential land;

(b) the total amount worked out, for each relevant person, by applying the relevant person's interest to transfer duty on the dutiable value of the residential land.'.

(11) Section 93(6A)—

omit, insert—

'(8) For working out the transfer duty under subsection (6) for a relevant person under subsection (2), the residential land mentioned in subsection (6) and schedule 4A is the part of the residential land relating to the person's first home.'.