Provisions relating to Chapter 3 (Certain transactions treated as transfers)
6 Provisions relating to Chapter 3 (Certain transactions treated as transfers)
The duty that is charged by Chapter 3 is charged on an acquisition that occurs on or after the commencement day except as provided by this clause.
For the purposes of sections 80(2)(e) and 83—
if an acquisition of an interest in a private corporation occurs in a month specified in column 1 of the Table, the period of 3 years specified in sections 80(2)(e) and 83 is taken instead to be the period specified opposite that month in column 2;
TABLE
Column 1 Month of acquisition | Column 2
|
|---|
July 2001 | 24 months |
August 2001 | 25 months |
September 2001 | 26 months |
October 2001 | 27 months |
November 2001 | 28 months |
December 2001 | 29 months |
January 2002 | 30 months |
February 2002 | 31 months |
March 2002 | 32 months |
April 2002 | 33 months |
May 2002 | 34 months |
June 2002 | 35 months. |
a reference to duty paid under this Act includes a reference to duty paid under the former Act; and
Sch. 2 cl. 6(2)(c) amended by No. 46/2001 s. 29(4).
a reference to duty paid under those sections is a reference to duty paid under Subdivision (7) of Division 3 of Part II of the former Act.
Sch. 2 cl. 6(3) substituted by No. 46/2001 s. 29(5).
However, subclause (2) and Chapter 3 do not apply so as to aggregate, for the purpose of determining whether a relevant acquisition has been made or whether duty is chargeable under this Act, interests that were acquired before the commencement day and that would not have been aggregated under the law as in force at the time the interests were acquired.
Sch. 2 cl. 7 substituted by No. 48/2001 s. 8.
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