153When must duty be paid?

#### 153 When must duty be paid? 153 When must duty be paid? > > (1) A tax default does not occur for the purposes of the [Taxation Administration Act 1996](/view/html/inforce/current/act-1996-097) if duty is paid within 3 months after the liability to pay the duty arises. > > > (2) However, in the case of a relevant acquisition resulting from the application of section 161 (1) and (2AA) to an agreement to purchase or issue a share in a landholder, a tax default does not occur for the purposes of the [Taxation Administration Act 1996](/view/html/inforce/current/act-1996-097) if duty is paid within 3 months after the agreement is completed. > > **s 153:** Ins 2009 No 51, Sch 1.2 \[2\]. Am 2017 No 11, Sch 1 \[25\].