Duties Act evidentiary requirements: Section 163D

Sec 163D

Concession for primary producers—continuation of land rich requirement

1. Copy of the transfer of shares or units
   • If the transfer deals with a sub-fund of a CCIV, the CCIV’s constitution, along with the deed for the relevant sub-fund, must be provided at all times.
2. Proof of exemption under sec 10AA of the Land Tax Management Act 1956 for each land used for primary production
3. All relevant information establishing that the landholder is a primary producer whose landholdings are wholly or predominantly land used for primary production (such as the nature of business activity carried on each of its landholdings, income and expenditure reports for each business activity, etc)
4. A full valuation report, (including letter of instruction) prepared by a suitably qualified person within the last 3 months of the relevant acquisition, of the unencumbered value of all the landholdings held by the landholder
5. Complete financial statement (balance sheet, including notes) of the corporation or unit trust scheme for the financial year relevant to the date of the acquisition
6. Fixed Asset Registers detailing all the property of the landholder in all places
7. Confirmation that primary producer will continue to be a primary producer within at least 5 years of the relevant acquisition and on the event of if it ceasing to be a primary producer within the same period, will notify the Chief Commissioner and pay the duty.