659
In forceApplication of Administration Act, pt 6—farm-in agreements
Chapter 17Repeal, savings and transitional provisions
Part 20Transitional provisions for Payroll Tax Rebate, Revenue and Other Legislation Amendment Act 2015
659 Application of Administration Act, pt 6—farm-in agreements
(1)
This section applies if liability for transfer duty arose and was assessed during the retrospectivity period for a dutiable transaction that was—
(a)
a farm-in agreement; or
(b)
a transfer of an interest in an exploration authority under a farm-in agreement.
(2)
Despite the Administration Act, section 65(1)(d), the person liable for transfer duty on the agreement may object to the assessment within 30 days after the commencement.
This Act’s bill:Explanatory memorandum
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