90Duty payable on relevant acquisitions—single interest

90 Duty payable on relevant acquisitions—single interest (b) the person makes a relevant acquisition under section 86 (1) (a) (i) because the interest is a significant interest in the landholder; and (c) within the relevant period for the relevant acquisition, no other interests in the landholder were acquired by— (i) the person; or (ii) an associated person; or (iii) any other person in an associated transaction. (2) The amount of duty payable in relation to the relevant acquisition is (a) work out the amount (the dutiable amount) as follows: UVL × relevant interest (b) multiply the dutiable amount by the relevant rate.

relevant interest, for a relevant acquisition, means the interest in a landholder acquired by a person through the relevant acquisition expressed as a percentage of the total interest in the landholder. relevant rate, for a relevant acquisition, means the determined rate in force on the day the relevant acquisition is made. UVL, for a landholder in relation to a relevant acquisition, means the unencumbered value of all landholdings in the ACT of the landholder on the day the relevant acquisition is made.