Western Australian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

DUTIES ACT 2008 - SECT 201

201 .         Acquisition of further interests, lodgment of periodical statements may be approved

        (1)         This section applies where —

            (a)         by a relevant acquisition referred to in section 163(1)(c) or (d) a person has acquired a further interest in a landholder; and

            (b)         it is contemplated that the acquirer or a person that under section 162 is related to the acquirer (a related person ) will acquire more of such interests in the landholder.

        (2)         The Commissioner may, on application made by a person mentioned in subsection (3), approve the lodgment of periodical statements in respect of particular approved periods (a relevant period ).

        (3)         The persons that may apply are —

            (a)         the acquirer; or

            (b)         a related person; or

            (c)         if the landholder is a corporation, the corporation; or

            (d)         if the landholder is a unit trust scheme, the trustee of the scheme.

        (4)         An application under subsection (2) must be made —

            (a)         within 2 months after the day on which the relevant acquisition occurred; and

            (b)         in the approved form.

        (5)         The first relevant period is to begin with the day on which the relevant acquisition occurred and a subsequent relevant period is to begin with the day after the day on which the immediately preceding relevant period ends.

        (6)         While an approval under subsection (2) is in force —

            (a)         a statement must be lodged within 14 days after the first relevant period ends in respect of —

                  (i)         the relevant acquisition referred to in subsection (1)(a); and

                  (ii)         any other relevant acquisition by which the acquirer or a related person acquired any further interest in the landholder during that period;

                and

            (b)         within 14 days after each subsequent relevant period ends, a statement must be lodged in respect of any relevant acquisition by which the acquirer or a related person acquired any further interest in the landholder during that period.

        [Section 201 amended: No. 12 of 2019 s. 97.]



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback