Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 230

(1)     Duty under this Act is not chargeable in respect of a transfer or agreement for the sale or transfer of land, a lease of land, or a transfer or assignment of a lease or permit in respect of land, used for primary production together with any other property that is an integral part of the business of primary production, if the Commissioner is satisfied that—

        (a)     the land was land used for primary production by the transferor, lessor or assignor immediately before the transaction or the date of first execution of the instrument;

        (b)     the land will continue to be land used for primary production by the transferee, lessee or assignee;

        (c)     the parties are persons of a class identified in guidelines determined by the Minister; and

        (d)     the transaction satisfies such other requirements as may be contained in those guidelines.

(2)     The Minister may, by instrument, determine guidelines for the purposes of paragraph (1) (c) or (d).

(3)     A determination under subsection (2) is a disallowable instrument for the purposes of section 10 of the Subordinate Laws Act 1989 .