Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Actssubstitute
103 When does liability for duty arise?
(1) A liability for duty charged by this part arises when a land use entitlement is acquired by an allotment of shares or an issue of units to anyone otherwise than in circumstances to which subsection (2) applies.
(2) This subsection applies to an allotment of shares to anyone by a territory company that is not listed on a stock exchange at another person's direction, in discharge of an obligation to that other person, whether that obligation arises as consideration for the purchase of property by the company or otherwise.