sec.629Application of amendments about concession for transfer duty—home

### sec.629 Application of amendments about concession for transfer duty—home The relevant provisions, as in force on 1 July 2012, apply to dutiable transactions only if liability for transfer duty arises on or after 1 July 2012. The relevant provisions, as in force immediately before 1 July 2012, apply to a dutiable transaction that is the transfer, or agreement for the transfer, of residential or vacant land made on or after 1 July 2012 if— the transfer or agreement replaces a transfer, or an agreement for the transfer, that included the land and was made before 1 July 2012; or the transferee had an option to purchase the land, or the transferor had an option to require the transferee to purchase the land, granted before 1 July 2012 and exercised on or after 1 July 2012; or another arrangement was made before 1 July 2012 the sole or main purpose of which was to defer the making of the transfer or agreement until 1 July 2012 or later so the concession for transfer duty under the relevant provisions, as in force on or after 1 July 2012, would apply in relation to the dutiable transaction. In this section— relevant provisions means the following provisions— chapter 2, part 9 chapter 2, part 14, division 1 schedule 3 schedule 4A schedule 4B. s 629 ins 2012 No. 8 s 28 (sec.629-ssec.1) The relevant provisions, as in force on 1 July 2012, apply to dutiable transactions only if liability for transfer duty arises on or after 1 July 2012. (sec.629-ssec.2) The relevant provisions, as in force immediately before 1 July 2012, apply to a dutiable transaction that is the transfer, or agreement for the transfer, of residential or vacant land made on or after 1 July 2012 if— the transfer or agreement replaces a transfer, or an agreement for the transfer, that included the land and was made before 1 July 2012; or the transferee had an option to purchase the land, or the transferor had an option to require the transferee to purchase the land, granted before 1 July 2012 and exercised on or after 1 July 2012; or another arrangement was made before 1 July 2012 the sole or main purpose of which was to defer the making of the transfer or agreement until 1 July 2012 or later so the concession for transfer duty under the relevant provisions, as in force on or after 1 July 2012, would apply in relation to the dutiable transaction. (sec.629-ssec.3) In this section— relevant provisions means the following provisions— chapter 2, part 9 chapter 2, part 14, division 1 schedule 3 schedule 4A schedule 4B. - (a) the transfer or agreement replaces a transfer, or an agreement for the transfer, that included the land and was made before 1 July 2012; or - (b) the transferee had an option to purchase the land, or the transferor had an option to require the transferee to purchase the land, granted before 1 July 2012 and exercised on or after 1 July 2012; or - (c) another arrangement was made before 1 July 2012 the sole or main purpose of which was to defer the making of the transfer or agreement until 1 July 2012 or later so the concession for transfer duty under the relevant provisions, as in force on or after 1 July 2012, would apply in relation to the dutiable transaction. - • chapter 2, part 9 - • chapter 2, part 14, division 1 - • schedule 3 - • schedule 4A - • schedule 4B.