sec.245QNotice of particular circumstances applying to land—concession under s 245F

### sec.245Q Notice of particular circumstances applying to land—concession under s 245F This section applies if— the concession is applied under section 245F ; and any of the circumstances mentioned in section 245M apply in relation to the land. Within 1 month after the circumstance starts to apply in relation to the land, the acquirer must— give the commissioner notice in the approved form of the application of the circumstance; and ensure the instruments required for the assessment of duty for the relevant transaction are lodged for a reassessment of duty on the transaction. Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. s 245Q ins 2023 No. 18 s 4 (sec.245Q-ssec.1) This section applies if— the concession is applied under section 245F ; and any of the circumstances mentioned in section 245M apply in relation to the land. (sec.245Q-ssec.2) Within 1 month after the circumstance starts to apply in relation to the land, the acquirer must— give the commissioner notice in the approved form of the application of the circumstance; and ensure the instruments required for the assessment of duty for the relevant transaction are lodged for a reassessment of duty on the transaction. Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. - (a) the concession is applied under section 245F ; and - (b) any of the circumstances mentioned in section 245M apply in relation to the land. - (a) give the commissioner notice in the approved form of the application of the circumstance; and - (b) ensure the instruments required for the assessment of duty for the relevant transaction are lodged for a reassessment of duty on the transaction.