Duties Act 1999

If a person makes a relevant acquisition, the person must prepare a statement in relation to the relevant acquisition (an acquisition statement).

However, subsection (1) does not apply to a relevant acquisition prescribed by regulation.

The person must give the commissioner the acquisition statement not later than 90 days after the relevant acquisition is made.

The acquisition statement must include the following:

the name, address and any email address of the person who made the relevant acquisition;

the day the person made the relevant acquisition;

details of the interest in the landholder acquired by the person as part of the relevant acquisition;

details of the total interest in the landholder held by the person and any associated person on the day the relevant acquisition is made;

the unencumbered value of all landholdings in the ACT of the landholder on—

the day the relevant acquisition is made; and

if available—the day any other interest in the landholder is acquired within the relevant period for the relevant acquisition;

any valuation report or other evidence of the unencumbered value of all landholdings in the ACT of the landholder on a day mentioned in paragraph (e);

details of any amount of duty paid under this Act in relation to any other acquisition mentioned in paragraph (e) (ii);

the unencumbered value of the property of the landholder on the day the person made the relevant acquisition;

if the person is applying for an exemption from paying duty in relation to the relevant acquisition—evidence of the person’s eligibility for the exemption;

anything else required by the commissioner.

In this section: