Duties Amendment Bill 2004 (Qld)

Queensland

DUTIES AMENDMENT BILL 2004

Queensland

DUTIES AMENDMENT BILL 2004

TABLE OF PROVISIONS

Section Page 1 Short title... eens 4 2 Commencement. ..... 0... eee eee eee 4 3 Act amended... 2... e eee ee 4 4 Amendment of s 92 (Concession for transfer duty—first home) ......... 4 5 Amendment of s 93 (Concession for transfer duty—mixed and

multiple claims for homes and first homes for individuals) ............. 5 6 Amendment of s 94 (Concession for transfer duty—mixed and

multiple claims for homes and first homes) ................00 000000 5 7 Amendment of s 273 (Who is a "home borrower" and a "first

home borrower") wee eee eens 6 8 Amendment of s 274 (Concession for mortgage duty—home mortgage) . . 6 9 Amendment of s 275 (Concession for mortgage duty—particular trusts) . . 6 10 Amendment of ch 17, pt2 hdg ...... 0.6... cece eee eee eee eee 6 11 Insertion of new ch 17, pt3..... 0... eee eee eee eee 7

PART 3—TRANSITIONAL PROVISION FOR DUTIES AMENDMENT

ACT 2004

551 Application of amendments about concession for transfer duty or

mortgage duty for first home............ 0 0c c eee eee eee eee 7

12 Insertion of new sch 4A... 1. eee eee eee ee 7

SCHEDULE 4A AMOUNT OF CONCESSION FOR TRANSFER DUTY—FIRST HOME 13 Amendment of sch 6 (Dictionary).......... 0... eee eee eee eee 9

A BILL FOR

An Act to amend the Duties Act 2001

Clause

Clause

Clause

Clause

s1 4 s4 Duties Amendment Bill 2004

The Parliament of Queensland enacts—

1 Short title This Act may be cited as the Duties Amendment Act 2004.

2 Commencement

This Act commences on | May 2004.

3. Act amended This Act amends the Duties Act 2001.

4 Amendment of s 92 (Concession for transfer duty—first home) (1) Section 92(1)(b)(i)— omit, insert—