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DUTIES ACT 2000 - SECT 58AA

Definition

    (1)     In this Division—

"residence requirement" means the requirement referred to in section 60AAB as varied (if at all) by the Commissioner under section 60AAC.

    (2)     For the purposes of this Division, a reference to—

        (a)     a bona fide purchaser of an estate in fee simple in land includes a reference to—

              (i)     a person to whom a lease referred to in section 7(1)(b)(v) has been granted; and

              (ii)     a person to whom a lease referred to in section 7(1)(b)(va) has been transferred or assigned; and

        (b)     a transfer of dutiable property, being an estate in fee simple in land, includes a reference to—

              (i)     the granting of a lease referred to in section 7(1)(b)(v); and

              (ii)     the transfer or assignment of a lease referred to in section 7(1)(b)(va).

S. 58 (Heading) inserted by No. 38/2023 s. 8(1).



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