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Revenue, Fines and Other Legislation Amendment Act 2023 guide

Chapters

  1. Overview
  2. Vesting of land
  3. When does a liability for duty arise?
  4. Aggregation of dutiable transactions
  5. Effect of alteration in purchase price
  6. Transfers in relation to managed investment schemes
  7. Property vested to an apparent purchaser
  8. Establishment of a trust relating to unidentified property and non-dutiable property
  9. Transfers of property in connection with persons changing superannuation funds
  10. Registered native title body corporates
  11. Valuation of property
  12. Changes to the Taxation Administration Act

10. Registered native title body corporates

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Section 280A of the Duties Act 1997

Section 280A - Registered native title body corporates was included in the Duties Act 1997.

The inclusion of the section provides that duty is not chargeable on a transfer of property to a registered native title body corporate if the transfer is in accordance with an indigenous land use agreement.

When does the change take effect?

Amendments made to this section of the Duties Act 1997 apply to transactions that occur on or after 4 September 2023.

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What are the evidentiary requirements?

There are new evidentiary requirements for Section 280A. This information has been updated on our website and includes a link to the client identification requirements for this transaction type.

How are these transactions processed?

These transactions must be submitted via eDuties using application “Other”.

Where can I find more information?

 

Note

Revenue rulings and CPNs impacted by this change are currently being reviewed. This guide will be updated once any updated rulings and CPNs become available. Existing Revenue rulings can be found on our Revenue rulings page.