57LVariation of residence requirement

57L Variation of residence requirement (1) If satisfied that there is a good reason for doing so, the Commissioner may— S. 57L(2) amended by No. 28/2011 s. 9, substituted by No. 28/2017 s. 13. (2) If the Commissioner determines that a temporary absence from residence does not break the continuity of residence, the transferee is not entitled to a PPR concessional rate, exemption or concession or an adjustment specified in subsection (2A) in respect of any other PPR transfer during the period of temporary absence unless the transferee pays the difference between— (a) the duty paid on the original PPR transfer; and (b) the duty on the original PPR transfer calculated— (i) at the rate set out in section 28(1); and (ii) without any adjustment of consideration under section 21(3) or (4) or 32V(3) or (4). S. 57L(2A) inserted by No. 28/2017 s. 13. (2A) For the purposes of subsection (2), the following are specified— (a) an exemption or concession from duty under section 57JA; (b) an adjustment of consideration under section 21(3) or (4) or 32V(3) or (4). S. 57L(3) amended by No. 50/2024 s. 21. (3) If a transferee, person under a legal disability or principal beneficiary who is occupying land the subject of a PPR transfer as their principal place of residence, or is temporarily absent from the land in accordance with a determination under subsection (1), dies, the residence requirement is taken to have been complied with for the PPR transfer. S. 57M inserted by No. 86/2006 s. 3.