57NTransferee to notify Commissioner of change in circumstances

57N Transferee to notify Commissioner of change in circumstances S. 57N(1) amended by No. 28/2011 s. 11, substituted by No. 28/2017 s. 15. (1) A transferee who has received any of the following must lodge a written notice with the Commissioner within 30 days after becoming aware of any circumstances that may result in the residence requirement not being complied with— (a) a PPR concessional rate; (b) an exemption or concession from duty under section 57JA; (2) A failure of a transferee to comply with subsection (1) does not affect the Commissioner's power to reassess duty under section 57M or to exercise a discretion under section 57L. S. 57O inserted by No. 86/2006 s. 3, repealed by No. 31/2008 s. 9(3). Ch. 2 Pt 5 Div. 4B (Heading and ss 57O–57V) inserted by No. 18/2023 s. 9