Duties Amendment Act 2012 (No 2) (ACT)

Duties Amendment Act 2012 (No 2)

A2012-36

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 (No 2).

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. Dutiable property
   Section 10 (1) (k)

   substitute

   (k)an interest in any dutiable property mentioned in paragraphs (a) to (j), except to the extent that—

   (i)it is, or is attributable to, an option over dutiable property; or

   (ii)it is an interest under a sublease that—

   (A)is granted for a term of 30 years or less; and

   (B)is not a long-term lease.

Endnotes

1. Presentation speech

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

2. Notification

   Notified under the Legislation Act on 18 June 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 (No 2), which was passed by the Legislative Assembly on 7 June 2012.

   Clerk of the Legislative Assembly

   © Australian Capital Territory 2012