Queensland Numbered Acts

REVENUE LEGISLATION AMENDMENT ACT 2025 - SECT 22

22 Insertion of new s 687

After section 686 , as inserted by this Act—
insert—

687 Application of concession provisions to transactions

(1) The former concession provisions apply in relation to a dutiable transaction if liability for transfer duty arose before 1 May 2025.

(2) Subject to subsection (3), the new concession provisions apply in relation to a dutiable transaction if liability for transfer duty arises on or after 1 May 2025.

(3) Despite the Revenue Legislation Amendment Act 2025 , the former concession provisions apply in relation to a dutiable transaction if—

(a) the transaction is the transfer, or agreement for the transfer, of residential land or vacant land; and

(b) the land is transferred, or the agreement is made, on or after 1 May 2025; and

(c) any of the following applies—

(i) the transaction replaces a transfer, or agreement for transfer, that included the land and was made before 1 May 2025;

(ii) the transferee had an option to purchase the land, or the transferor had an option to require the transferee to purchase the land, granted before 1 May 2025 and exercised on or after 1 May 2025;

(iii) another arrangement was made before 1 May 2025 the sole or main purpose of which was to defer the making of the transfer or agreement until 1 May 2025 or later so the new concession provisions would apply in relation to the transaction.

(4) In this section—

"former concession provisions" means chapter 2, parts 9 and 14, division 1 and schedules 4A and 4B as in force from time to time before the commencement.

"new concession provisions" means chapter 2, parts 9 and 14, division 1 and schedule 4A as in force from the commencement.