sec.85Purpose of part

### sec.85 Purpose of part The purpose of this part is to provide for concessions for transfer duty for a dutiable transaction that is— the transfer, or agreement for the transfer, of a home, first home or first home and new home or of vacant land on which a first home is to be constructed; or the acquisition, on its creation, grant or issue, of a new right that is a lease— of residential land on which a home, first home or first home and new home is constructed or of vacant land on which a first home is to be constructed; and for which a premium, fine or other consideration is payable; or In relation to paragraph (b) , see also section 614 . the vesting, under section 9 (1) (d) , of a home, first home or first home and new home or of vacant land on which a first home is to be constructed. s 85 amd 2006 No. 44 s 20 ; 2010 No. 11 s 13 ; 2011 No. 8 s 18 ; 2011 No. 20 s 130 ; 2012 No. 8 s 14 ; 2025 No. 1 s 6 - (a) the transfer, or agreement for the transfer, of a home, first home or first home and new home or of vacant land on which a first home is to be constructed; or - (b) the acquisition, on its creation, grant or issue, of a new right that is a lease— (i) of residential land on which a home, first home or first home and new home is constructed or of vacant land on which a first home is to be constructed; and (ii) for which a premium, fine or other consideration is payable; or Note— In relation to paragraph (b) , see also section 614 . - (i) of residential land on which a home, first home or first home and new home is constructed or of vacant land on which a first home is to be constructed; and - (ii) for which a premium, fine or other consideration is payable; or - (c) the vesting, under section 9 (1) (d) , of a home, first home or first home and new home or of vacant land on which a first home is to be constructed. - (i) of residential land on which a home, first home or first home and new home is constructed or of vacant land on which a first home is to be constructed; and - (ii) for which a premium, fine or other consideration is payable; or