sec.84JHow transfer duty is initially assessed on farm-in agreement

### sec.84J How transfer duty is initially assessed on farm-in agreement This section applies for assessing liability for transfer duty on a farm-in agreement. The dutiable value of a farm-in agreement is the consideration paid or payable to the farmor, or a related person of the farmor, for the farmor entering into the agreement, other than an exploration amount. Section 502 (1) (a) and (b) and (2) (a) — applies in relation to the consideration mentioned in subsection (2) ; and does not apply in relation to any other consideration payable under the agreement. s 84J ins 2015 No. 4 s 15 (sec.84J-ssec.1) This section applies for assessing liability for transfer duty on a farm-in agreement. (sec.84J-ssec.2) The dutiable value of a farm-in agreement is the consideration paid or payable to the farmor, or a related person of the farmor, for the farmor entering into the agreement, other than an exploration amount. (sec.84J-ssec.3) Section 502 (1) (a) and (b) and (2) (a) — applies in relation to the consideration mentioned in subsection (2) ; and does not apply in relation to any other consideration payable under the agreement. - (a) applies in relation to the consideration mentioned in subsection (2) ; and - (b) does not apply in relation to any other consideration payable under the agreement.