57GDefinitions

57G Definitions S. 57G(1) def. of *eligible first home buyer* inserted by No. 28/2011 s. 4, repealed by No. 41/2013 s. 15. S. 57G(1) def. of *guardian* amended by No. 13/2019 s. 221(Sch. 1 item 13). ***guardian*** of a person under a legal disability includes— (a) a trustee who holds property on trust for the person under an instrument of trust or direction of a court or tribunal; (b) an administrator for the person within the meaning of the **Guardianship and Administration Act 2019**; S. 57G(1) def. of *PPR concessional rate* inserted by No. 28/2017 s. 8. ***PPR concessional rate*** means a rate of duty specified in section 57J for a PPR transfer where the dutiable value of the dutiable property is more than $130 000 but not more than $550 000; ***residence requirement*** means the requirement referred to in section 57K as varied (if at all) by the Commissioner under section 57L. S. 57G(2) inserted by No. 39/2009 s. 14. (2) For the purposes of this Division, a reference to— (a) a bona fide purchaser of the land for adequate consideration includes a reference to— (i) a person to whom a lease referred to in section 7(1)(b)(v) has been granted; (ii) a person to whom a lease referred to in section 7(1)(b)(va) has been transferred or assigned; (b) a contract for the purchase of the land includes a reference to— (c) a transfer of dutiable property, being an estate in fee simple includes a reference to— (d) a transferee includes a person to whom a lease referred to in section 7(1)(b)(v) or 7(1)(b)(va) is granted, transferred or assigned. S. 57H inserted by No. 86/2006 s. 3, substituted by No. 47/2020 s. 7.