89AReduction in marketable securities duty

89A Reduction in marketable securities duty Duty payable under this Part is to be reduced by an amount (if any) calculated in accordance with the following formula— A is the unencumbered value of the land holdings in Victoria of the landholder at the time the relevant acquisition was made; and B is the unencumbered value of all property of the landholder at that time; and C is the sum of— (a) the duty under this Act paid or payable at the rate applicable to transactions involving marketable securities, in respect of— (i) a dutiable transaction in relation to the units or shares; or (ii) a capital reduction or a rights alteration under Part 3 by which an interest in the landholder was acquired; or (iii) an allotment under Part 4 by which an interest in the landholder was acquired; and (b) any duty of a like nature paid or payable under a law of another Australian jurisdiction. S. 89B (Heading) amended by No. 17/2019 s. 4(1). S. 89B substituted by No. 38/2012 s. 5.