Duties Act 1997 No 123
Current version for 1 July 2019 to date (accessed 6 June 2020 at 22:30)
74   Eligible agreements or transfers
(1)  The agreement or transfer must be for the acquisition of a first home or for the acquisition of a vacant block of residential land intended to be used as the site of a first home.
(2)  The agreement or transfer must be for the whole of the property.
(3)  The dutiable value of the dutiable property that is the subject of the agreement or transfer must be less than:
(a)  $800,000 if the property has a private dwelling built on it, or
(b)  $450,000 if the property comprises a vacant block of residential land.
Note.
 The dutiable value of dutiable property is the greater of:
(a)  the consideration (if any) for the dutiable transaction (being the amount of a monetary consideration or the value of a non-monetary consideration), and
(b)  the unencumbered value of the dutiable property.
(4)    (Repealed)