Australian Capital Territory Numbered Acts

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DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 68

Surrender and regrant of Crown lease

    Duty of $20 is chargeable in respect of the grant of a Crown lease to the lessee under a previous Crown lease because of the surrender of the previous Crown lease, where the surrender was solely for the purpose of—

        (a)     changing the purpose for which the parcel of land to which the lease relates may be used;

        (b)     reducing rent to an amount not exceeding 5 cents per annum; or

        (c)     correcting errors or omissions;

and the land comprised in the new Crown lease is identical to the land comprised in the surrendered Crown lease.



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