15Amount of community development levy

15 Amount of community development levy

15 Amount of community development levy

(1) For the purposes of section 42T of the Act, the prescribed percentage of the duty that would be chargeable under the Duties Act 1997 for a dutiable transaction to which a threshold range specified in Column 1 of the table to this subclause applies is the percentage specified for that threshold range in Column 2.

| Column 1 | Column 2 | | Threshold range | Amount of community development levy | | 4 or 5 | 100% of amount of duty | | 6 | 150% of amount of duty |

(2) The community development levy does not apply to a dutiable transaction if the dutiable value of the land concerned is the minimum threshold amount specified for threshold range 4, or less.

Note.

See Part 3 of Chapter 2 of the Duties Act 1997, which contains the threshold ranges of dutiable value used to calculate the amount of duty chargeable under that Part on a dutiable transaction.