Western Australian Current Acts

DUTIES ACT 2008 - SECT 120C

120C .         Transfers to facilitate subdivision: failure to lodge subsequent transfer within 5 years

        (1)         If a subsequent transfer referred to in section 120A is not lodged for registration under the Transfer of Land Act 1893 within the period of 5 years after the day on which the original transfer referred to in that section was registered under the Transfer of Land Act 1893 , then, despite that section, nominal duty is not chargeable on the original transfer or the subsequent transfer.

        (2)         The Commissioner may on application extend the period of 5 years referred to in subsection (1) and may do so on any conditions the Commissioner thinks fit.

        (3)         The Commissioner must make any reassessment necessary as a result of the operation of subsection (1).

        (4)         The limitations as to time in the Taxation Administration Act section 17 do not apply in respect of a reassessment under subsection (3).

        [Section 120C inserted: No. 12 of 2019 s. 46.]