Victorian Current Acts Victorian Current ActsNo. 79 of 2000
Version incorporating amendments as at
13 December
2023
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Version No. 132
No. 79 of 2000
Version incorporating amendments as at
13 December 2023
Endnotes
1 General information
See www.legislation.vic.gov.au for Victorian Bills, Acts and current Versions of legislation and up-to-date legislative information.
Minister's second reading speech—
Legislative Assembly: 5 October 2000
Legislative Council: 1 November 2000
The long title for the Bill for this Act was "to create and charge a number of duties, to repeal the Stamps Act 1958, to make consequential amendments to other Acts and for other purposes."
The Duties Act 2000 was assented to on 28 November 2000 and came into operation on 1 July 2001: section 2.
INTERPRETATION OF LEGISLATION ACT 1984 (ILA)
Style changes
Section 54A of the ILA authorises the making of the style changes set out in Schedule 1 to that Act.
References to ILA s. 39B
Sidenotes which cite ILA s. 39B refer to section 39B of the ILA which provides that where an undivided section or clause of a Schedule is amended by the insertion of one or more subsections or subclauses, the original section or clause becomes subsection or subclause (1) and is amended by the insertion of the expression "(1)" at the beginning of the original section or clause.
Interpretation
As from 1 January 2001, amendments to section 36 of the ILA have the following effects:
• Headings
All headings included in an Act which is passed on or after 1 January 2001 form part of that Act. Any heading inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, forms part of that Act. This includes headings to Parts, Divisions or Subdivisions in a Schedule; sections; clauses; items; tables; columns; examples; diagrams; notes or forms. See section 36(1A)(2A).
• Examples, diagrams or notes
All examples, diagrams or notes included in an Act which is passed on or after 1 January 2001 form part of that Act. Any examples, diagrams or notes inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, form part of that Act. See section 36(3A).
• Punctuation
All punctuation included in an Act which is passed on or after 1 January 2001 forms part of that Act. Any punctuation inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, forms part of that Act. See section 36(3B).
• Provision numbers
All provision numbers included in an Act form part of that Act, whether inserted in the Act before, on or after 1 January 2001. Provision numbers include section numbers, subsection numbers, paragraphs and subparagraphs. See section 36(3C).
• Location of "legislative items"
A "legislative item" is a penalty, an example or a note. As from 13 October 2004, a legislative item relating to a provision of an Act is taken to be at the foot of that provision even if it is preceded or followed by another legislative item that relates to that provision. For example, if a penalty at the foot of a provision is followed by a note, both of these legislative items will be regarded as being at the foot of that provision. See section 36B.
• Other material
Any explanatory memorandum, table of provisions, endnotes, index and other
material printed after the Endnotes does not form part of an Act.
See
section 36(3)(3D)(3E).
2 Table of Amendments
This publication incorporates amendments made to the Duties Act 2000 by Acts and subordinate instruments.
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Statute Law Amendment (Relationships) Act 2001, No. 27/2001
|
Assent Date: |
12.6.01 |
|
Commencement Date: |
S. 3(Sch. 1 item 2) on 23.8.01: Government Gazette 23.8.01 p. 1927 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Corporations (Consequential Amendments) Act 2001, No. 44/2001
|
Assent Date: |
27.6.01 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Duties (Amendment) Act 2001, No. 46/2001
|
Assent Date: |
27.6.01 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts (Taxation Reform Implementation) Act 2001, No. 48/2001 (as amended by No. 29/2002)
|
Assent Date: |
27.6.01 |
|
Commencement Date: |
Ss 5–6(3), 7, 8 on 1.7.01: s. 2(3); s. 6(4) on 1.7.02: s. 2(4) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Legislation (Amendment) Act 2001, No. 79/2001
|
Assent Date: |
27.11.01 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Corporations (Financial Services Reform Amendments) Act 2002, No. 9/2002
|
Assent Date: |
23.4.02 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Statute Law (Further Revision) Act 2002, No. 11/2002
|
Assent Date: |
23.4.02 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts (Further Tax Reform) Act 2002, No. 29/2002
|
Assent Date: |
12.6.02 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Legislation (Further Amendment) Act 2002, No. 30/2002
|
Assent Date: |
12.6.02 |
|
Commencement Date: |
Ss 3(1)(3), 4, 5, 7(2), 8(3), 13 on 1.7.01: s. 2(2); ss 6, 7(1), 8(1)(2), 15 on 13.6.02: s. 2(1); ss 3(2), 9–12, 14 on 1.7.02: s. 2(4) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts (Miscellaneous Amendments) Act 2003, No. 58/2003
|
Assent Date: |
16.6.03 |
|
Commencement Date: |
Ss 6, 13(2), 14, 17 on 1.7.01: s. 2(2); s. 4 on 8.2.03: s. 2(3); ss 3, 5, 7–12, 13(1), 15, 18 on 17.6.03: s. 2(1); s. 16 on 1.7.03: s. 2(5) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts (Further Miscellaneous Amendments) Act 2003, No. 113/2003
|
Assent Date: |
9.12.03 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts (Tax Reform) Act 2004, No. 46/2004
|
Assent Date: |
16.6.04 |
|
Commencement Date: |
Ss 8–10, 16 on 1.5.04: s. 2(2); ss 3, 12, 17 on 13.5.04: s. 2(3); ss 4–7, 11, 13–15 on 17.6.04: s. 2(1) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts (Amendment) Act 2004, No. 71/2004
|
Assent Date: |
19.10.04 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Concessions Act 2004, No. 82/2004
|
Assent Date: |
16.11.04 |
|
Commencement Date: |
S. 13(Sch. item 2) on 1.3.05: s. 2(2) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts (General Amendment) Act 2005, No. 36/2005
|
Assent Date: |
28.6.05 |
|
Commencement Date: |
S. 13(1) on 13.5.04: s. 2(3); ss 19–21 on 31.3.05: s. 2(6); ss 6–11, 13(2)–18, 22 on 29.6.05: s. 2(1); s. 12 on 1.7.05: s. 2(7) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Duties and Land Tax Acts (Amendment) Act 2005, No. 85/2005
|
Assent Date: |
29.11.05 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Land Tax Act 2005, No. 88/2005
|
Assent Date: |
29.11.05 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation (Reductions and Concessions) Act 2006, No. 38/2006
|
Assent Date: |
20.6.06 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Legislation (Miscellaneous Amendments) Act 2006, No. 84/2006
|
Assent Date: |
10.10.06 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Legislation Amendment (Housing Affordability) Act 2006, No. 86/2006
|
Assent Date: |
22.12.06 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation and Gambling Legislation Amendment (Budget Measures) Act 2007, No. 22/2007
|
Assent Date: |
12.6.07 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Payroll Tax Act 2007, No. 26/2007
|
Assent Date: |
26.6.07 |
|
Commencement Date: |
Ss 110, 111 on 1.7.07: s. 2(1) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Statute Law Revision Act 2007, No. 28/2007
|
Assent Date: |
26.6.07 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2007, No. 33/2007
|
Assent Date: |
24.7.07 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Relationships Act 2008, No. 12/2008
|
Assent Date: |
15.4.08 |
|
Commencement Date: |
S. 73(1)(Sch. 1 item 17) on 1.12.08: s. 2(2) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2008, No. 31/2008
|
Assent Date: |
17.6.08 |
|
Commencement Date: |
Ss 5, 8–11 on 6.5.08: s. 2(2); ss 3, 4, 6, 7, 14 on 18.6.08: s. 2(1); ss 12, 13 on 1.7.08: s. 2(3) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Health Services Legislation Amendment Act 2008, No. 79/2008
|
Assent Date: |
11.12.08 |
|
Commencement Date: |
S. 16 on 31.3.09: Government Gazette 19.2.09 p. 328 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Further Amendment Act 2008, No. 84/2008
|
Assent Date: |
11.12.08 |
|
Commencement Date: |
Ss 3–9, 13 on 12.12.08: s. 2(1); ss 10, 11(1)(2), 12 on 1.1.09: s. 2(3); s. 11(3) on 1.7.10: Government Gazette 17.6.10 p. 1221 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Relationships Amendment (Caring Relationships) Act 2009, No. 4/2009
|
Assent Date: |
10.2.09 |
|
Commencement Date: |
S. 37(Sch. 1 item 10) on 1.12.09: s. 2(2) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2009, No. 37/2009
|
Assent Date: |
30.6.09 |
|
Commencement Date: |
Ss 3–7, 10, 11 on 1.7.09: s. 2(1); ss 8, 9 on 1.7.09: s. 2(2) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Duties Amendment Act 2009, No. 39/2009
|
Assent Date: |
7.7.09 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Statute Law Amendment (Evidence Consequential Provisions) Act 2009, No. 69/2009
|
Assent Date: |
24.11.09 |
|
Commencement Date: |
S. 54(Sch. Pt 1 item 17) on 1.1.10: s. 2(2) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Fair Work (Commonwealth Powers) Amendment Act 2009, No. 74/2009
|
Assent Date: |
1.12.09 |
|
Commencement Date: |
S. 11 on 1.1.10: Government Gazette 10.12.09 p. 3215 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Consumer Affairs Legislation Amendment Act 2010, No. 1/2010
|
Assent Date: |
9.2.10 |
|
Commencement Date: |
S. 104 on 1.8.10: Government Gazette 22.7.10 p. 1628 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Transport Integration Act 2010, No. 6/2010 (as amended by No. 45/2010)
|
Assent Date: |
2.3.10 |
|
Commencement Date: |
S. 203(1)(Sch. 6 item 13) on 1.7.10: Special Gazette (No. 256) 30.6.10 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Credit (Commonwealth Powers) Act 2010, No. 11/2010
|
Assent Date: |
30.3.10 |
|
Commencement Date: |
S. 42 on 1.7.10: Government Gazette 24.6.10 p. 1273 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2010, No. 36/2010
|
Assent Date: |
15.6.10 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Residential Tenancies Amendment Act 2010, No. 67/2010
|
Assent Date: |
28.9.10 |
|
Commencement Date: |
S. 171 on 1.9.11: Special Gazette (No. 265) 16.8.11 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Road Legislation Miscellaneous Amendments Act 2010, No. 75/2010
|
Assent Date: |
19.10.10 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2011, No. 28/2011
|
Assent Date: |
21.6.11 |
|
Commencement Date: |
Ss 17, 18, 20–29 on 22.6.11: s. 2(1); ss 3–16, 19 on 1.7.11: s. 2(3) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Statute Law Revision Act 2011, No. 29/2011
|
Assent Date: |
21.6.11 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Transport Legislation Amendment (Public Transport Development Authority) Act 2011, No. 61/2011
|
Assent Date: |
15.11.11 |
|
Commencement Date: |
S. 25 on 15.12.11: Special Gazette (No. 407) 13.12.11 p. 1; Sch. 1 item 3 on 2.4.12: Special Gazette (No. 101) 27.3.12 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Further Amendment Act 2011, No. 69/2011
|
Assent Date: |
29.11.11 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Duties Amendment (Landholder) Act 2012, No. 38/2012
|
Assent Date: |
27.6.12 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2012, No. 42/2012
|
Assent Date: |
27.6.12 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Co-operatives National Law Application Act 2013, No. 9/2013
|
Assent Date: |
13.3.13 |
|
Commencement Date: |
S. 42(Sch. 2 item 7) on 3.3.14: Special Gazette (No. 46) 18.2.14 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Statute Law Amendment (Directors' Liability) Act 2013, No. 13/2013
|
Assent Date: |
13.3.13 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Tax Laws Amendment (Budget and Other Measures) Act 2013, No. 41/2013
|
Assent Date: |
28.6.13 |
|
Commencement Date: |
S. 27 on 1.7.12: s. 2(2); s. 13 on 8.5.13: s. 2(3);
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Workplace Injury Rehabilitation and Compensation Act 2013, No. 67/2013
|
Assent Date: |
12.11.13 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation and Financial Legislation Amendment Act 2013, No. 69/2013
|
Assent Date: |
19.11.13 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Statute Law Revision Act 2013, No. 70/2013
|
Assent Date: |
19.11.13 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Mental Health Act 2014, No. 26/2014
|
Assent Date: |
8.4.14 |
|
Commencement Date: |
S. 455(Sch. item 9) on 1.7.14: s. 2(1) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Building a Better Victoria (State Tax and Other Legislation Amendment) Act 2014, No. 40/2014
|
Assent Date: |
17.6.14 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2015, No. 26/2015
|
Assent Date: |
29.6.15 |
|
Commencement Date: |
S. 4 on 1.7.11: s. 2(2); s. 9 on 1.4.07: s. 2(3); ss 3, 5–8, 10, 12 on 30.6.15: s. 2(1); ss 11, 13, 14–24 on 1.7.15: s. 2(4) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Further Amendment Act 2015, No. 67/2015
|
Assent Date: |
1.12.15 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation and Other Acts Amendment Act 2016, No. 40/2016
|
Assent Date: |
28.6.16 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Transport Integration Amendment (Head, Transport for Victoria and Other Governance Reforms) Act 2017, No. 3/2017
|
Assent Date: |
14.2.17 |
|
Commencement Date: |
S. 50(Sch. 1 item 2) on 12.4.17: Special Gazette (No. 117) 12.4.17 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2017, No. 28/2017
|
Assent Date: |
27.6.17 |
|
Commencement Date: |
Ss 42–44 on 27.6.17: s. 2(1); ss 3–40, 47 on 28.6.17: s. 2(2); ss 41, 45, 46 on 1.7.17: s. 2(3) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Commercial Passenger Vehicle Industry Amendment (Further Reforms) Act 2017, No. 63/2017
|
Assent Date: |
19.12.17 |
|
Commencement Date: |
S. 21(Sch. 1 item 2) on 2.7.18: Special Gazette (No. 248) 29.5.18 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Further Amendment Act 2017, No. 67/2017
|
Assent Date: |
19.12.17 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2018, No. 22/2018
|
Assent Date: |
13.6.18 |
|
Commencement Date: |
Ss 3–12, 17–19 on 14.6.18: s. 2(1); ss 13–16 on 1.7.18: s. 2(3) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Guardianship and Administration Act 2019, No. 13/2019
|
Assent Date: |
4.6.19 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2019, No. 17/2019
|
Assent Date: |
18.6.19 |
|
Commencement Date: |
Ss 3–13, 34 on 19.6.19: s. 2(1); ss 14−33 on 1.7.19: s. 2(2) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Further Amendment Act 2019, No. 46/2019
|
Assent Date: |
19.11.19 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Transport Legislation Amendment Act 2019, No. 49/2019
|
Assent Date: |
3.12.19 |
|
Commencement Date: |
S. 186(Sch. 4 item 14) on 1.1.20: Special Gazette (No. 514) 10.12.19 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Local Government Act 2020, No. 9/2020
|
Assent Date: |
24.3.20 |
|
Commencement Date: |
S. 390(Sch. 1 item 27) on 6.4.20: Special Gazette (No. 150) 24.3.20 p. 1 |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment (Relief Measures) Act 2020, No. 14/2020
|
Assent Date: |
28.4.20 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2020, No. 47/2020
|
Assent Date: |
15.12.20 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation and Mental Health Acts Amendment Act 2021, No. 22/2021
|
Assent Date: |
16.6.21 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Suburban Rail Loop Act 2021, No. 43/2021
|
Assent Date: |
19.10.21 |
|
Commencement Date: |
S. 219(Sch. 1 item 4) on 1.12.21: Special Gazette (No. 649) 23.11.21 p. 1 |
|
This information relates only to the provision/s amending the Duties Act 2000 |
Windfall Gains Tax and State Taxation and Other Acts Further Amendment Act 2021, No. 52/2021
|
Assent Date: |
30.11.21 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation and Treasury Legislation Amendment Act 2022, No. 23/2022
|
Assent Date: |
15.6.22 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Mental Health and Wellbeing Act 2022, No. 39/2022
|
Assent Date: |
6.9.22 |
|
Commencement Date: |
S. 823 on 1.9.23: s. 2(2) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Residential Tenancies, Housing and Social Services Regulation Amendment (Administration and Other Matters) Act 2022, No. 40/2022
|
Assent Date: |
6.9.22 |
|
Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts Amendment Act 2023, No. 18/2023[4]
|
Assent Date: |
27.6.23 |
|
Commencement Date: |
Ss 3−5, 20−22 on 28.6.23: s. 2(3); ss 6–14, 15(2)–19 on 1.7.23: s. 2(4) |
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
Victorian Future Fund Act 2023, No. 19/2023
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Assent Date: |
27.6.23 |
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Commencement Date: |
S. 14 on 22.8.23: Special Gazette (No. 447) 22.8.23 p. 1 |
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Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
State Taxation Acts and Other Acts Amendment Act 2023, No. 38/2023
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Assent Date: |
12.12.23 |
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Commencement Date: |
|
|
Current State: |
This information relates only to the provision/s amending the Duties Act 2000 |
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3 Explanatory details
[1] S. 28(2): The rate of duty chargeable on dutiable transactions in respect of marketable securities is dealt with in section 29. Concessional rates of duty chargeable on certain dutiable transactions are dealt with in Part 5 of this Chapter.
[2] Chapter 3: This Chapter charges duty on certain transactions that are not dutiable transactions under Chapter 2. Duty is chargeable under Part 2 of this Chapter on the acquisition by a person of an interest consisting of certain shareholdings in a private company, or unitholdings in a private unit trust scheme, whose property in either case consists, to the prescribed extent, of land holdings.
The duty is chargeable at the general rate for a dutiable transaction under Chapter 2, rather than at the rate applicable to transfers of shares and units. An acquisition statement must be lodged when a majority interest is acquired or increased. Duty on an acquisition statement is chargeable only on interests acquired within a 3-year period. In certain cases the obligation to pay duty at the higher rate is phased-in (see section 87).
Duty is chargeable—
under Part 3 on transactions by which corporate capital is reduced by redemption, surrender or cancellation of shares or reduction of share value or alteration of share rights;
under Part 4 on the allotment of shares by direction.
[3] S. 105: Section 10 of the Financial Sector Reform (Victoria) Act 1999, No. 37/1999 provides that property transferred under Part 3 of the Financial Sector (Business Transfer and Group Restructure) Act 1999 of the Commonwealth (the Commonwealth Act) becomes the property of the receiving body when the certificate of transfer issued under section 18 of the Commonwealth Act comes into force under Division 3 of Part 3 of the Commonwealth Act.
[4] Table of Amendments (State Taxation Acts Amendment Act 2023): The amendment proposed by section 15(1) of the State Taxation Acts Amendment Act 2023, No. 18/2023 is not included in this publication because the heading to section 58 is not considered part of this Act: see section 36(2A) of the Interpretation of Legislation Act 1984, No. 10096/1984.
Section 15(1) reads as follows:
15 Section 58 amended
(1) In the heading to section 58 of the Duties Act 2000, for "eligible pensioner?" substitute "eligible cardholder?".