Victorian Numbered Acts

DUTIES AND LAND TAX ACTS (AMENDMENT) ACT 2005 (NO 85 OF 2005) - SECT 1

The purpose of this Act is—

        (a)     to amend the Duties Act 2000 to—

              (i)     provide a duty exemption for equity release programs;

              (ii)     amend the land rich duty provisions;

              (iii)     amend the motor vehicle duty provisions;

        (b)     to amend the Land Tax Act 1958 and the Land Tax Act 2005 to introduce a new regime for imposing land tax on land held on trust;

        (c)     to make minor technical amendments to the Land Tax Act 2005 .