Duties Act 2001

This section applies if—

a relevant acquisition in a landholder is made on or after the start time; and

there was, before the start time, an agreement to acquire the interest that is the subject of the relevant acquisition, whether the agreement is conditional or not; and

the interest is, under section 163(2)(b), acquired after the start time.

Exploration land-holdings must be excluded from the Queensland land-holdings of the landholder for the purposes of—

if the landholder is a private landholder—working out the dutiable value of the relevant acquisition under section 179; or

if the landholder is a public landholder—working out the landholder duty imposed on the relevant acquisition under section 179A.

In this section—exploration land-holdings, of a landholder, means land-holdings mentioned in section 167 if the land is an exploration authority.