From 1 February 2024, the exemptions from duty for eligible corporate reconstruction transactions and corporate consolidation transactions are replaced with a concession of 10% of the duty that would otherwise be payable.

Obtaining a pre-approval before 1 February 2024 does not give access to the existing 100% exemption unless the transitional provisions are satisfied.

For more information about the transitional provisions and the amendments more broadly, please refer to the Treasury and Revenue Legislation Amendment Act guide.