50ACancelled transfers of dutiable property

#### 50A Cancelled transfers of dutiable property 50A Cancelled transfers of dutiable property > > (1) A transfer of dutiable property that is effected by an instrument is not liable to duty under this Chapter if the Chief Commissioner is satisfied that— > > > > > (a) the transfer instrument has been cancelled and the dutiable property has not been transferred to the transferee, and > > > > > (b) the transfer was not cancelled to give effect to a subsale. > > > > > (c) (Repealed) > > > (2) If duty has been paid on a transfer of dutiable property that is not liable to duty under this Chapter because of this section, the Chief Commissioner must reassess and refund the duty if an application for a refund is made within 5 years of the initial assessment. > > > (3) The transfer instrument in respect of which the application is made must be surrendered to the Chief Commissioner unless the Chief Commissioner dispenses with that requirement. > > > (4) In this section, cancelled includes abandoned. > > **s 50A:** Ins 2002 No 108, Sch 1 \[5\]. Am 2006 No 51, Sch 1 \[2\]; 2017 No 11, Sch 1 \[11\].