90DDuty payable on relevant acquisitions—combined

90D Duty payable on relevant acquisitions—combined acquisitions (a) a person acquires an interest in a landholder that is a relevant acquisition (the previous acquisition); and

(b) the person or an associated person acquires an interest in at least 1 other landholder that is also a relevant acquisition (the later acquisition); and (c) the later acquisition is made within 12 months of the previous acquisition; and (d) together, the relevant acquisitions form, provide evidence of, give effect to or arise from a single arrangement to gain effective ownership of a landholding (the combined acquisition). (2) The amount of duty payable in relation to the combined acquisition is (a) work out the amount for each of the relevant acquisitions (i) if the relevant acquisition is an acquisition mentioned in section 86 (1) (a) (i)—section 90 (2) (a); or (ii) if the relevant acquisition is an acquisition mentioned in section 86 (1) (a) (ii) or (iii)—section 90A (2) (a) to (c); (b) add together each of the amounts worked out under paragraph (a); (c) multiply the resulting amount worked out under paragraph (b) by the determined rate as in force on the day— (i) the later acquisition was made; or (ii) if there are 2 or more later acquisitions—the last of the later acquisitions was made; (d) subtract any duty paid or payable under this division in relation to the relevant acquisitions from the amount worked out under paragraph (c).

General and supplemental Division 3.2.4 UVL, for a landholder, in relation to a relevant acquisition that is part of a combined acquisition, means the unencumbered value of all landholdings in the ACT of the landholder on the day— (a) the later acquisition is made; or (b) if there are 2 or more later acquisitions—the last of the later acquisitions is made.