2011
2011
2011-05-18
act
government
publicspecial
act.reprint
allinforce
2011-05-09
2011-05-09
0
2011-05-19
act-1987-015
2011
none
act-2011-006
826b254b-49b6-4cac-b989-a5b600ea5f02
a6eb551b-5972-46e6-8be2-1cbc92e33ce4
Repeal:
The Act was repealed by sec 30C of the Interpretation Act 1987 No 15 with
effect from 19.5.2011.
An Act to amend the Duties
Act 1997 to extend the senior’s principal place of
residence duty exemption under the NSW Home Builders Bonus to persons between
55 and 65 years of age.
1Name of
Act
This Act is the Duties Amendment
(Senior’s Principal Place of Residence Duty Exemption) Act
2011.
2Commencement
This Act commences on the date of assent to this
Act.
Schedule 1Amendment of Duties Act 1997 No
123
[1]Chapter 2, Part 8, Division
1B, heading
Omit “(Budget
2010–11)”.
[2]Section 87S Senior’s
principal place of residence duty exemption
Omit section 87S (6) (a). Insert instead:
(a)
the person is 55 years of age or older,
and
[3]Section 87S
(6A)–(6C)
Insert after section 87S (6):
(6A)
However, a person who is under the age of 65
years is not an eligible senior unless the relevant agreement or transfer is a
complying agreement or transfer that is eligible for consideration under the
scheme.
(6B)
A complying
agreement or transfer is:
(a)
an agreement for sale or transfer of dutiable
property entered into on or after 1 July 2011, or
(b)
a transfer of dutiable property that occurs on or
after 1 July 2011 (other than a transfer made in conformity with an agreement
for sale or transfer entered into before 1 July
2011).
(6C)
An agreement for sale or transfer of dutiable
property is not a complying agreement or transfer if:
(a)
it replaces an agreement made before 1 July 2011,
and
(b)
the replaced agreement was an agreement for the
sale or transfer of substantially the same dutiable
property.
Historical
notes
Table of amending
instruments
Duties Amendment
(Senior’s Principal Place of Residence Duty Exemption) Act
2011 No 6. Assented to 18.5.2011. Date of commencement,
assent, sec 2.