Duties Act 2001

Despite the Revenue and Other Legislation Amendment Act 2024, the former concession provisions apply in relation to a dutiable transaction if—

the transaction is the transfer, or agreement for the transfer, of residential land or vacant land; and

the land is transferred, or the agreement is made, on or after 9 June 2024; and

any of the following applies—

the transaction replaces a transfer, or agreement for transfer, that included the land and was made before 9 June 2024;

the transferee had an option to purchase the land, or the transferor had an option to require the transferee to purchase the land, granted before 9 June 2024 and exercised on or after 9 June 2024;

another arrangement was made before 9 June 2024 the sole or main purpose of which was to defer the making of the transfer or agreement until 9 June 2024 or later so the new concession provisions would apply in relation to the transaction.