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This is a Bill, not an Act. For current law, see the Acts databases.
South Australia
Stamp Duties (Off-the-plan Apartments) Amendment
Bill 2014
A BILL FOR
An Act to amend the Stamp
Duties Act 1923.
Contents
Part 1—Preliminary
1Short
title
2Commencement
3Amendment
provisions
Part 2—Amendment of Stamp Duties
Act 1923
4Amendment of
section 71DB—Concessional duty on purchases of off-the-plan
apartments
5Insertion of Schedule 3
The Parliament of South Australia enacts as
follows:
This Act may be cited as the Stamp Duties (Off-the-plan Apartments)
Amendment Act 2014.
This Act will be taken to have come into operation on
28 October 2013.
In this Act, a provision under a heading referring to the amendment of a
specified Act amends the Act so specified.
Part 2—Amendment
of Stamp Duties
Act 1923
4—Amendment
of section 71DB—Concessional duty on purchases of off-the-plan
apartments
(1) Section 71DB(2)—delete "31 May 2012" and
substitute:
the prescribed date
(2) Section 71DB(6)—delete "31 May 2012" and
substitute:
the prescribed date
(3) Section 71DB(7)—after the definition of
apartment insert:
Area A means—
(a) the area of The Corporation of the City of Adelaide; and
(b) the area constituted by any land within the area where the Bowden
Redevelopment project is being undertaken (Bowden Village) and identified by
the Treasurer by notice in the Gazette on 13 December 2012 at
pages 5518 to 5525 (inclusive); and
(c) the area constituted by the land within the area known as
45 Park, Gilberton, and comprised within Certificate of Title
Register Book Volume 5114 Folio 927 or Volume 5114
Folio 955;
Area B means—
(a) the area bounded by the thick black line on the map set out in
Schedule 3, other than any part of that area that is within Area A;
and
(b) an area constituted by sites contiguous with the area described in
paragraph (a) (being sites that include land that runs immediately along
the outside of the boundary constituted by the thick black line on the map set
out in Schedule 3);
(4) Section 71DB(7), definition of qualifying
apartment—delete the definition and substitute:
prescribed date, in relation to a particular contract,
means—
(a) in the case of a contract that relates to an apartment that is (or is
to be) situated within Area A—31 May 2012; and
(b) in the case of a contract that relates to an apartment that is (or is
to be) situated within Area B—28 October 2013;
qualifying apartment means an apartment that is (or is to be)
situated in Area A or Area B;
(5) Section 71DB(7), definition of qualifying off-the-plan
contract—delete "31 May 2012" and substitute:
the prescribed date
After Schedule 2 insert:
