Duties Bill 2001 (Qld)

Queensland

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DUTIES BILL 2001

Section iat1315

Queensland

DUTIES BILL 2001

TABLE OF PROVISIONS

CHAPTER 1—INTRODUCTION PART 1—PRELIMINARY

Short title. 0... cece eee eens

Commencement......... 0.0... c cece eee ee eee eens

Definitions... 2.2.0... eee cent e eee Notes in text... 0... eect eee eens

Relationship of Act with Administration Act ..............00..

PART 3—APPLICATION OF ACT

Act binds all persons .. 1.02.0... 00. e cee eee ee eee ee

Extra-territorial application........ 0.0... eee eee

CHAPTER 2—TRANSFER DUTY PART 1—PRELIMINARY

Imposition of transfer duty ........ 00.0...

PART 2—SOME BASIC CONCEPTS FOR TRANSFER DUTY What is a "dutiable transaction" ........ 0... eee eee eee What is "dutiable property". ................... 0 eee eee eee What is the "dutiable value" of a dutiable transaction ........... Consideration for dutiable transactions—general............... Consideration for dutiable transaction—transfer by way of security What is the "unencumbered value" of property ................ When unencumbered value of property is determined ...........

PART 3—LIABILITY FOR TRANSFER DUTY

When liability for transfer duty arises....... 0.0... eee eee eee

Page 30 3032 333536Duties Bill 2001 1820222427303235 Who is liable to pay transfer duty....... 0... eee eee eee Need for instrument or statement ............0 00.000 cece eee eee eee Lodging instrument or statement............. 00.0.0... 0 cece eee eee Effect of making or lodging instrument or statement by | party ......... No double duty—general ........... 0.00... No double duty—particular dutiable transactions..................0.. When credit to be allowed for lease duty paid .................00000. Rates of transfer duty .... 0... eee eee Payment of transfer duty for deeds of grant .................0000000.

PART 4—APPORTIONMENT OF CONSIDERATION OR UNENCUMBERED VALUE FOR PARTICULAR DUTIABLE TRANSACTIONS