135
In forceAcquisition of land use entitlement
Chapter 3Certain transactions treated as transfers
Part 4Acquisition of land use entitlements by allotment of shares or issue of units
135 Acquisition of land use entitlement
(1)
A person who acquires a land use entitlement by an allotment of shares or an issue of units must lodge a statement (an acquisition statement) with the Chief Commissioner in respect of the entitlement.
(2)
The statement must be lodged within 3 months after the entitlement is so acquired.
This Act’s bill:Explanatory memorandumSecond reading speech
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