Western Australian Current Acts

DUTIES ACT 2008 - SECT 205ZN

205ZN .         Exemption for certain acquisitions treated as made under agreement referred to in s. 176(2)

                An acquisition is exempt if —

            (a)         for the purposes of an assessment, the acquisition was treated as having been made under an agreement of the kind referred to in section 176(2); and

            (b)         when the agreement is completed the acquirer is not a foreign person; and

            (c)         had the acquisition not been treated as mentioned in paragraph (a) the liability for foreign landholder duty in respect of the acquisition would not have arisen.

        [Section 205ZN inserted: No. 24 of 2018 s. 8.]

        [Heading inserted: No. 24 of 2018 s. 8.]