QLDIn ForceAct
Duties Act 2001
sec.246MWhat is an AFAD windfall
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### sec.246M What is an AFAD windfall
An AFAD windfall , in relation to a relevant transaction on which invalid AFAD is purportedly imposed, is an amount equal to the total of the following—
the invalid AFAD;
any assessed interest and penalty tax for the invalid AFAD;
any amount paid for late payment interest in relation to the invalid AFAD.
s 246M ins 2025 No. 15 s 5
- (a) the invalid AFAD;
- (b) any assessed interest and penalty tax for the invalid AFAD;
- (c) any amount paid for late payment interest in relation to the invalid AFAD.