Victorian Numbered Acts

DUTIES AND LAND TAX ACTS (AMENDMENT) ACT 2005 (NO 85 OF 2005) - SECT 7

After section 88(5) of the Duties Act 2000 insert —

    "(6)     For the purposes of this section—

        (a)     a reference to a vendor includes a reference to a person who, at the time of a relevant acquisition, was the grantee of a put option or grantor of a call option;

        (b)     a reference to a purchaser includes a reference to a person who, at the time of a relevant acquisition—

              (i)     held a transfer right (within the meaning of Part 4A of Chapter 2); or

              (ii)     was the grantor of a put option or grantee of a call option;

        (c)     a reference to an uncompleted agreement includes a reference to an arrangement that includes both a put option and a call option.".