Duties Act 1997

Acquisitions The duty that is charged by Chapter 3 is charged on an acquisition that occurs on or after 1 July 1998, except as provided by this clause.

How duty is charged on relevant acquisitions—sec 118 In section 118—

a reference to a period of 3 years is a reference to any such period ending on or after 1 July 1998, and

a reference to duty paid under this Act includes a reference to duty paid under the Stamp Duties Act 1920, and

a reference to duty paid under that section includes a reference to duty paid under Division 30 of Part 3 of that Act.

However, subclause (2) does not apply so as to aggregate interests that were acquired before 1 July 1998 and that would not have been aggregated under the law in force immediately before that date.