Duties Act 2001

This section applies if the commissioner is satisfied an acquirer under a relevant transaction has entered into an arrangement, whether in writing or otherwise, to circumvent limitations on, or requirements affecting, eligibility for a concession under division 2.

The commissioner may make a reassessment to impose AFAD on the relevant transaction, to the extent of the acquirer’s interest in the dutiable property, on the basis that the acquirer was not entitled to the concession.