Duties Act 2001

This section applies if, on an application under section 245H, the commissioner assesses a relevant transaction on the basis that a concession under division 2 applies in relation to the transaction.

The acquirer must keep records that show—

for a concession under section 245F—

when the acquirer satisfies the condition mentioned in section 245F(1)(c)(i); and

the acquirer’s continued satisfaction of the condition mentioned in section 245F(1)(c)(ii); or

for a concession under section 245G—the acquirer’s continued satisfaction of the condition mentioned in section 245G(1)(d).