Duties Act 2001

This part applies in relation to a relevant transaction that—

is the transfer, or agreement for the transfer, of dutiable property that is AFAD residential land; and

is entered into on or after 1 July 2023.

However, this part does not apply in relation to a relevant transaction mentioned in subsection (1) if—

the transfer or agreement replaces a transfer, or an agreement for transfer, that—

included the dutiable property; and

was made before 1 July 2023; or

the transferee had an option to purchase the dutiable property, or the transferor had an option to require the transferee to purchase the dutiable property, that was granted before 1 July 2023 and exercised on or after 1 July 2023; or

another arrangement was made before 1 July 2023 the sole or main purpose of which was to defer the making of the transfer or agreement until 1 July 2023 or later so a concession under this part would apply in relation to the relevant transaction.