QLDIn ForceAct
Duties Act 2001
sec.171Value of land-holdings in uncompleted agreement for transfer included
Start here
Get a plain-English read of sec.171
Turn the raw legal text into a practical explanation grounded in Duties Act 2001.
### sec.171 Value of land-holdings in uncompleted agreement for transfer included
To remove any doubt, it is declared that the unencumbered value of the land the subject of a purchase agreement or sale agreement made by the entity or a subsidiary of the entity must be included in working out the unencumbered value of an entity’s land-holdings.
s 171 amd 2011 No. 20 s 83