Victorian Current Acts Victorian Current Acts(1) No duty is chargeable under this Chapter on a tax reform scheme transaction if the entry interest for the land to which the transaction relates was a 100% interest.
(2) No duty is chargeable under this Chapter on a tax reform scheme transaction if the entry interest for the land to which the transaction relates and any further interest obtained in the land before the tax reform scheme transaction amount to a 100% interest in the land.
(3) For the purposes of subsection (2), a further interest in land means an interest that is—
(a) obtained under a qualifying dutiable transaction or a qualifying landholder transaction, other than the relevant entry transaction for the land; and
(b) a different interest to the entry interest for the land and any other further interest for the land.
S. 69AQ inserted by No. 16/2024 s. 37.