Duties Regulation 2023 (ACT)

Duties Regulation 2023

Subordinate Law SL2023-18

The Australian Capital Territory Executive makes the following regulation under the Duties Act 1999.

Dated 4 August 2023.

ANDREW BARR

Chief Minister

CHRIS STEEL

Minister

Duties Regulation 2023

Subordinate Law SL2023-18

made under the

Duties Act 1999

Contents

Page

1            Name of regulation  1

2            Commencement  1

3            Prescribed relevant acquisitions—Act, s 87 (2)  1

1. Name of regulation

   This regulation is the Duties Regulation 2023.

2. Commencement

   This regulation commences on the commencement of the Revenue Legislation Amendment Act 2023, section 20.

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

3. Prescribed relevant acquisitions—Act, s 87 (2)

   (1)A person need not prepare an acquisition statement in relation to a relevant acquisition made by the person if the rate of duty for the relevant acquisition is nil.

   (2)In this section:

   rate of duty, for a relevant acquisition, means the rate at which an amount of duty is payable for the relevant acquisition determined under the Taxation Administration Act 1999, section 139 for the Act, sections 90 to 90B.

Endnotes

1. Notification

   Notified under the Legislation Act on 10 August 2023.

2. Republications of amended laws

   For the latest republication of amended laws, see align="center">© Australian Capital Territory 2023