Revenue Legislation Amendment Bill 2014 (Qld)

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Queensland

Revenue Legislation Amendment Bill 2014

Includes amendments agreed during Consideration

Queensland

Revenue Legislation Amendment Bill 2014

Contents Page Part 1 Preliminary 1 Short title 2.0... eee eee 10 2 Commencement... .......... 0.0 cece eee eee 10 Part 2 Amendment of Duties Act 2001 3 Act amended ......... 20. c eee ee tte 10 4 Amendment of s 98 (Conditions for transfer or agreement for transfer of business property)..........0..... 00 eee sees 10 5 Amendment of s 99 (Conditions for partnership acquisitions) . . . 11 6 Amendment of s 100 (Conditions for particular trust acquisitions) 12 7 Amendment of s 101 (Conditions for creation of trusts and particular trust acquisitions) .............0..... 0002s eae 13 8 Amendment of s 102 (Conditions for acquisitions of interest in family unit trusts)... 20... eee 13 9 Amendment of s 123 (Exemption—particular distribution of dutiable property to a beneficiary) ....................00.-- 14 10 Replacement of s 133 (Exemption—building units and group titles plans and community titles schemes) ................-.0-- 14 133 Exemption—community titles schemes ........... 15 11 Amendment of s 173 (Value of land-holdings and property—business property disregarded).................. 16 12 Insertion of new ch 17, pt19 ....... ee eee eee 17 Part 19 Transitional provisions for Revenue Legislation Amendment Act 2014 653 Application of amended ch 2, pt 10 and related provisions wwe eee eee eee 17 654 Application of existing s 123 concession .......... 18 13 Amendment of sch 6 (Dictionary)....................00005 18 Part 3 Amendment of Land Tax Act 2010 14 Act amended .......... 20. c cece eects 20

15 Insertion of new ss 42A and 42B................0 20002 eee 20

Revenue Legislation Amendment Bill 2014

Contents