273BReduction in duty for corporate reconstruction and corporate consolidation transactions

#### 273B Reduction in duty for corporate reconstruction and corporate consolidation transactions 273B Reduction in duty for corporate reconstruction and corporate consolidation transactions > > (1) This section applies to a transaction if the Chief Commissioner is satisfied, on application by a party to the transaction, that— > > > > > (a) the transaction is a corporate reconstruction transaction, and > > > > > (b) the transaction, or the series of transactions of which the transaction is a part, is undertaken for the purpose of either or both of the following— > > > > > > > (i) changing the structure of a corporate group, > > > > > > > (ii) changing the holding of assets within a corporate group, and > > > > > (c) the transaction, or the series of transactions of which the transaction is a part— > > > > > > > (i) is not undertaken for a purpose of avoiding or reducing duty under this Act on another transaction, and > > > > > > > (ii) is not undertaken for the sole or dominant purpose of avoiding or reducing a liability for tax, other than duty under this Act, under a law of an Australian jurisdiction. > > > (2) This section applies to a transaction if the Chief Commissioner is satisfied, on application by a party to the transaction, that the transaction is a corporate consolidation transaction. > > > (3) If this section applies to a transaction, the duty chargeable on the transaction is 10% of the duty that would be chargeable on the transaction if this section did not apply. > > **s 273B:** Ins 2012 No 20, Sch 1 \[18\]. Am 2023 No 26, Sch 1\[12\]–\[14\].