Election to receive reduction or other concession or exemption
64D Election to receive reduction or other concession or exemption
A transferee who, but for this section, would be entitled in respect of an eligible transfer to a reduction in duty under section 64B and any other exemption or concession from duty under this Act, must, by notice in writing to the Commissioner, elect to receive—
the reduction in duty under section 64B; or
the other exemption or concession from duty under this Act.
A transferee referred to in subsection (1) who elects to receive the other exemption or concession under this Act or who does not make an election under this section is not entitled to the reduction in duty under section 64B in respect of the eligible transfer.
S. 64E inserted by No. 17/2019 s. 32.
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