sec.152Exemption—to correct clerical error in previous dutiable transaction

### sec.152 Exemption—to correct clerical error in previous dutiable transaction Transfer duty is not imposed on a dutiable transaction to correct a clerical error in a previous dutiable transaction about the same property if— no additional consideration is paid or payable; and the beneficial interests in the property change only to the extent necessary to correct the error. an accidental misdescription of the property an accidental misdescription of a party to the transaction To remove any doubt, it is declared that an error by a party about the appropriateness of a transaction to achieve a particular intended legal result is not a clerical error in the transaction. A dutiable transaction to which this section applies is a section 152 exempt transaction . s 152 amd 2006 No. 44 s 13 ; 2013 No. 28 s 10 (sec.152-ssec.1) Transfer duty is not imposed on a dutiable transaction to correct a clerical error in a previous dutiable transaction about the same property if— no additional consideration is paid or payable; and the beneficial interests in the property change only to the extent necessary to correct the error. an accidental misdescription of the property an accidental misdescription of a party to the transaction (sec.152-ssec.2) To remove any doubt, it is declared that an error by a party about the appropriateness of a transaction to achieve a particular intended legal result is not a clerical error in the transaction. (sec.152-ssec.3) A dutiable transaction to which this section applies is a section 152 exempt transaction . - (a) no additional consideration is paid or payable; and - (b) the beneficial interests in the property change only to the extent necessary to correct the error. - • an accidental misdescription of the property - • an accidental misdescription of a party to the transaction