84I
In forceExclusion of s 22(2) for particular dutiable transactions under farm-in agreement
Chapter 2Transfer duty
Part 8AConcessions for farm-in agreements
Division 2Transfer duty for farm-in agreements
84I Exclusion of s 22(2) for particular dutiable transactions under farm-in agreement
Section 22(2) does not apply to the transfer of an interest in an exploration authority if—
(a)
both of the following apply—
(i)
the transfer is made under a 100% transfer farm-in agreement; and
(ii)
the transfer results in the farmee holding 100% of the interest in the exploration authority; or
(b)
the interest is transferred to the farmee for a deferred farm-in agreement, even though the farmee has failed to spend all or part of the exploration amount for the transfer under the agreement in the way mentioned in section 84C(1)(b).
This Act’s bill:Explanatory memorandum
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