sec.156BReassessment on application

### sec.156B Reassessment on application This section applies if— under an assessment, duty is imposed on a dutiable transaction because the commissioner is not satisfied of a matter under section 151A (2) (d) or (e) for land; and on application by the transferee or acquirer concerned, the commissioner is satisfied, under section 151A (2) (d) and (e) , that the land has been used for an eligible use from the start date and for the duration period for the land (the relevant requirements ). The commissioner must make a reassessment of duty for the transaction on the basis of compliance with section 151A (2) (d) and (e) . Subsection (2) applies to the reassessment despite the Administration Act , section 21 . However, if the application is made by the transferee or acquirer after the limitation period for reassessments under the Administration Act has expired, the application must be made within 6 months after the relevant requirements are satisfied. See the Administration Act , part 3 (Assessments of tax), division 3 (Reassessments). s 156B ins 2011 No. 8 s 39 (sec.156B-ssec.1) This section applies if— under an assessment, duty is imposed on a dutiable transaction because the commissioner is not satisfied of a matter under section 151A (2) (d) or (e) for land; and on application by the transferee or acquirer concerned, the commissioner is satisfied, under section 151A (2) (d) and (e) , that the land has been used for an eligible use from the start date and for the duration period for the land (the relevant requirements ). (sec.156B-ssec.2) The commissioner must make a reassessment of duty for the transaction on the basis of compliance with section 151A (2) (d) and (e) . (sec.156B-ssec.3) Subsection (2) applies to the reassessment despite the Administration Act , section 21 . (sec.156B-ssec.4) However, if the application is made by the transferee or acquirer after the limitation period for reassessments under the Administration Act has expired, the application must be made within 6 months after the relevant requirements are satisfied. See the Administration Act , part 3 (Assessments of tax), division 3 (Reassessments). - (a) under an assessment, duty is imposed on a dutiable transaction because the commissioner is not satisfied of a matter under section 151A (2) (d) or (e) for land; and - (b) on application by the transferee or acquirer concerned, the commissioner is satisfied, under section 151A (2) (d) and (e) , that the land has been used for an eligible use from the start date and for the duration period for the land (the relevant requirements ).