Land under Help to Buy arrangement
60AB Land under Help to Buy arrangement
For the purposes of assessing liability for duty on the conveyance or transfer of land purchased under a Help to Buy arrangement, an interest the
Commonwealth or Housing Australia has in the land is to be disregarded.
An instrument that records or effects a change in an interest in land that occurs as a result of an increase in a person’s share percentage in land purchased under a Help to Buy arrangement is exempt from duty.
In this section—
Help to Buy arrangement has the same meaning as in the Help to Buy Act
2024 of the Commonwealth;
Housing Australia has the same meaning as in the
Housing Australia Act
2018 of the
Commonwealth.
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