Duties Amendment Act 2012 (ACT)

Duties Amendment Act 2012

A2012-19

An Act to amend the Duties Act 1999

The Legislative Assembly for the Australian Capital Territory enacts as follows:

1. Name of Act

   This Act is the Duties Amendment Act 2012.

2. Commencement

   This Act commences on the day after its notification day.

   NoteThe naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).

3. Legislation amended

   This Act amends the Duties Act 1999.

4. What is the dutiable value of dutiable property?
   New section 20 (1) (b) (ia)

   insert

   (ia)for a land rent lease—the amount that would be the unencumbered value of the lease if it were a Crown lease that is not a land rent lease;

5. Section 20 (5), new definition of land rent lease

   insert

   land rent lease—see the Land Rent Act 2008, section 7 (4).

Endnotes

1. Presentation speech

   Presentation speech made in the Legislative Assembly on 29 March 2012.

2. Notification

   Notified under the Legislation Act on 17 May 2012.

3. Republications of amended laws

   For the latest republication of amended laws, see certify that the above is a true copy of the Duties Amendment Bill 2012, which was passed by the Legislative Assembly on 3 May 2012.

   Clerk of the Legislative Assembly

   © Australian Capital Territory 2012