17D
In forceWhen is foreign ownership surcharge payable on parcel of land for pt 2A?
Part 2AForeign ownership surcharge
17D When is foreign ownership surcharge payable on parcel of land for pt 2A?
(1)
For this part, a foreign ownership surcharge is payable on a parcel of land for a quarter if it is payable on the 1st day of the quarter.
(2)
A foreign ownership surcharge is taken to be payable on a parcel of land on the 1st day of a quarter if it is not exempt under this part from the foreign ownership surcharge on that day.
(3)
If an exemption under this part stops applying to a parcel of land, a foreign ownership surcharge is payable on the 1st day of the quarter after the date the exemption stops applying.
This Act’s bill:Explanatory statementSecond reading speech
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