94AUncompleted agreements for purchase, allotment or

94A Uncompleted agreements for purchase, allotment or issue of shares or units in landholder (a) a person makes a relevant acquisition; and (b) at the time of the relevant acquisition— (i) there is an uncompleted agreement for the purchase, allotment or issue of a share or unit in a landholder; and (ii) the person is the purchaser or person to whom a share or unit was to be allotted or issued under the agreement; and (c) the commissioner is satisfied that the agreement is subsequently rescinded or terminated within 3 years after the relevant acquisition; and (d) the person does not receive any benefit under the agreement. (2) The commissioner must assess or reassess the duty payable in relation to the relevant acquisition as though, at the time of the acquisition, the person did not purchase, or was not allotted or issued, the share or unit. landholder includes a linked body of the landholder. linked body—see section 81 (5).

Part 3.4 Acquisition of land use entitlements by allotment of shares or issue of units