sec.157Imposition of landholder duty

### sec.157 Imposition of landholder duty This part imposes duty ( landholder duty ) on relevant acquisitions. Exemptions for landholder duty are dealt with in division 5 and chapter 10 . Particular acquisitions relating to corporate reconstructions are exempt from landholder duty under chapter 10 , part 1 . Additional foreign acquirer duty is imposed on particular relevant acquisitions under chapter 4 . Landholder duty is imposed— for a relevant acquisition in a private landholder—on the dutiable value of the relevant acquisition; and for a relevant acquisition in a public landholder—in the way provided under section 179B . s 157 sub 2011 No. 20 s 65 amd 2016 No. 37 s 7 ; 2022 No. 14 s 5 (sec.157-ssec.1) This part imposes duty ( landholder duty ) on relevant acquisitions. Exemptions for landholder duty are dealt with in division 5 and chapter 10 . Particular acquisitions relating to corporate reconstructions are exempt from landholder duty under chapter 10 , part 1 . Additional foreign acquirer duty is imposed on particular relevant acquisitions under chapter 4 . (sec.157-ssec.2) Landholder duty is imposed— for a relevant acquisition in a private landholder—on the dutiable value of the relevant acquisition; and for a relevant acquisition in a public landholder—in the way provided under section 179B . - 1 Exemptions for landholder duty are dealt with in division 5 and chapter 10 . Particular acquisitions relating to corporate reconstructions are exempt from landholder duty under chapter 10 , part 1 . - 2 Additional foreign acquirer duty is imposed on particular relevant acquisitions under chapter 4 . - (a) for a relevant acquisition in a private landholder—on the dutiable value of the relevant acquisition; and - (b) for a relevant acquisition in a public landholder—in the way provided under section 179B .