28General rate

28 General rate (1) The rate of duty chargeable on a dutiable transaction is chargeable to the nearest whole dollar of the amount determined as follows or, if that amount is an amount of dollars and fifty cents, to the nearest whole dollar below that amount— S. 28(1) (Table) substituted by No. 31/2008 s. 5, amended by No. 22/2021 s. 6. | **Dutiable value of the dutiable property the subject of the dutiable transaction** | **Rate of duty** | | Not more than $25 000 | 1⋅4% of the dutiable value | | More than $25 000 but not more than $130 000 | $350 plus 2⋅4% of that part of the dutiable value that exceeds $25 000 | | More than $130 000 but not more than $960 000 | $2870 plus 6% of that part of the dutiable value that exceeds $130 000 | | More than $960 000 but not more than $2 000 000 | 5⋅5% of the dutiable value | | More than $2 000 000 | $110 000 plus 6⋅5% of that part of the dutiable value that exceeds $2 000 000 | (2) This rate applies unless other provision is made by this Chapter[[1]](#endnote-2). S. 28A inserted by No. 26/2015 s. 20.