79Reassessment of duty payable where duty concession wrongly applied

#### 79 Reassessment of duty payable where duty concession wrongly applied 79 Reassessment of duty payable where duty concession wrongly applied > > (1) The Chief Commissioner may reassess the duty chargeable in respect of an agreement or transfer that is initially approved under the scheme if the Chief Commissioner forms the opinion that the agreement or transfer is not eligible under the scheme (because of failure to comply with the residence requirement or otherwise). > > > (2) The Chief Commissioner may issue a notice of assessment, based on the reassessment, for the duty chargeable in respect of the agreement or transfer. > > **s 79:** Rep 2006 No 51, Sch 1 \[6\]. Ins 2009 No 51, Sch 1.1 \[6\].