When liability for transfer duty is imposed

In force

(1)

Subsection (2) applies to a liability for transfer duty imposed on each of the following—

(a)

any incomplete ELN transfer related to the completed transfer, other than the first related transfer;

(b)

the completed transfer.

(2)

The liability is taken to be imposed when the liability for transfer duty is imposed on the first related transfer.

(3)

Subsection (4) applies to a liability for transfer duty imposed on each of the following—

(a)

any incomplete ELN lodgement related to the completed lodgement, other than the first related lodgement;

(b)

the completed lodgement.

(4)

The liability is taken to be imposed when the liability for transfer duty is imposed on the first related lodgement.

(5)

This section applies despite section 16.

(6)

In this section—first related lodgement means the incomplete ELN lodgement related to the completed lodgement for which the ELN workspace is first locked.first related transfer means the incomplete ELN transfer related to the completed transfer for which the ELN workspace is first locked.

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156K When liability for transfer duty is imposed