Part 3AAdditional duty for foreign persons

Chapter 3A — Additional duty for foreign persons 205A. Terms used 261 205B. Associate 262 205C. Foreign corporation 262 205D. Foreign trust 263 205E. Residential property 264 Part 2 — Foreign transfer duty 205F. Terms used 266 Division 2 — Imposition of foreign transfer duty 205G. Foreign transfer duty imposed 267 Division 3 — Foreign dutiable transactions 205H. Foreign dutiable transaction 267 205I. New residential property 268 Division 4 — Collection of foreign transfer duty 205J. When liability for duty arises 269 205K. Who is liable to pay duty 269 205L. Joint tenants to be treated as tenants in common in equal shares 270 205M. Foreign transfer duty declaration to be lodged 270 205N. When duty must be paid 271 205O. Rate of foreign transfer duty 271 205P. Dutiable value 272 205Q. No double foreign transfer duty 273 205R. Interim assessment of foreign transfer duty 273 205RA. Foreign transfer duty on deemed transaction under s. 120B(2) 274 Division 5 — Application of Chapter 2 Part 5 to certain transactions 205S. Application of Chapter 2 Part 5 to foreign dutiable transactions 274 205T. References to residential trust acquisition 276 205U. References to residential trust surrender 276 205V. Dutiable value of residential trust acquisition or residential trust surrender 276 205W. Share disposition taken to be agreement for transfer of trust property 278 205X. References to residential partnership acquisition 278 Division 6 — Exemptions and reassessment Subdivision 1 — Exempt transactions 205Y. Transactions on which minimum, nominal or no transfer duty payable 279 205Z. Transactions relating to agreements for transfer of residential property 280 Subdivision 2 — Exemptions relating to construction, refurbishment and subdivision 205ZA. Exemption relating to construction or refurbishment of 10 or more dwellings 281 205ZB. Exemption relating to subdivision for purpose of constructing 10 or more dwellings 283 Subdivision 3 — Reassessment 205ZC. Reassessment 285 Part 3 — Foreign landholder duty 205ZD. Terms used 286 Division 2 — Application of Chapter 3 205ZE. Application of Chapter 3 287 Division 3 — Imposition of foreign landholder duty 205ZF. Foreign landholder duty imposed 290 Division 4 — Residential landholders to which this Part applies 205ZG. Which entities are residential landholders 290 Division 5 — Acquisitions to which this Part applies 205ZH. Foreign landholder acquisitions 291 Division 6 — Collection of foreign landholder duty 205ZJ. Rate of foreign landholder duty 293 205ZK. Calculation of foreign landholder duty where landholder duty calculated under s. 193 293 205ZKA. Modified application of s. 176 if entity becomes residential landholder because of acquisitions forming one arrangement 294 Division 7 — Interim assessment of foreign landholder duty 205ZL. Interim assessment of foreign landholder duty 295 Division 8 — Exemptions and reassessment Subdivision 1 — Exempt acquisitions 205ZM. Exemption or reduction of foreign landholder duty if foreign transfer duty would not be chargeable 296 205ZN. Exemption for certain acquisitions treated as made under agreement referred to in s. 176(2) 298 Subdivision 2 — Exemptions relating to construction, refurbishment and subdivision 205ZO. Exemption relating to construction or refurbishment of 10 or more dwellings 298 205ZP. Exemption relating to subdivision for purpose of constructing 10 or more dwellings 300 205ZQ. Calculation of duty where some land of landholder not part of parcel of land 302 Subdivision 3 — Reassessment 205ZR. Reassessment 303 Division 9 — Lodgment of declaration 205ZS. Foreign landholder duty declaration to be lodged 303 205ZT. Failure to lodge foreign landholder duty declaration 304 Chapter 4 — Insurance duty 206. Terms used 305 Part 2 — Imposition of insurance duty 207. Insurance duty imposed 306 208. Contract of insurance 306 209. General insurance 306 210. Additional insurance in life insurance policy is general insurance 307 211. Premium 308 212. When premium paid 309 Part 3 — Collection of insurance duty Division 1 — Liability 213. Who is liable to pay duty 309 214. General insurer 309 Division 2 — Amount of insurance duty 215. Amount of duty payable 310 216. Policies effecting general insurance and other insurance, duty on 310 Division 3 — Insurers 217. General insurers to apply to be registered 311 218. Registration of general insurers 311 219. Return period of registered insurer 311 220. Registered insurers to lodge returns 312 221. Time for payment of duty by insurers 312 222. Cancelling registration of general insurers 313 Division 4 — Insured persons 223. Some insured persons to lodge statements 313 224. Time for payment of duty by insured persons 313 Part 4 — General provisions as to insurance duty 225. Insurer and intermediary to notify Commissioner of contracts of insurance 314 226. Refunds of duty if premium refunded 315 227. Records to be kept 315 Chapter 5 — Vehicle licence duty 228. Terms used 317 Part 2 — Imposition of vehicle licence duty 229. Vehicle licence duty imposed 318 230. Vehicle and licence 318 Part 3 — Collection of vehicle licence duty 231. Terms used 319 Division 2 — Liability 232. Who is liable to pay duty 320 Division 3 — Assessment and payment of vehicle licence duty 233. Assessment of duty 321 234. Applicant for licence to state dutiable value of vehicle etc. 321 235. Payment of duty 322 Division 4 — Amount of vehicle licence duty 236. Amount of duty payable 322 Division 5 — Dutiable value of a vehicle 237. Certain new vehicles, dutiable value of 323 238. Certain other vehicles, dutiable value of 324 239. Specialised vehicles, dutiable value of 324 Part 4 — Exemptions and nominal duty Division 1 — Exemptions — general 240. If no vehicle licence fee payable under Vehicles Act 326 241. If transfer is a reconstruction transaction 326 242. If vehicle previously licensed to licence holder 326 243. If licence is for certain heavy vehicle 327 244A. If transfer is between spouses or de facto partners 328 244B. If agreement for purchase of vehicle is terminated or vehicle is returned 329 244. If licence is for prescribed class of person or vehicle etc. 331 Division 2 — Exemptions — motor vehicle dealers 245. Use of vehicle includes for minor incidental purposes 331 246. If licence is for vehicle in dealer’s trading stock, demonstrator vehicle or service demonstrator vehicle 331 247. If licence is for vehicle used for charitable etc. purposes 334 248. Change of permitted use of exempt vehicle, Commissioner to be notified 335 249. Change of use of exempt vehicle to non‑permitted use, consequences of 335 250. Transactions chargeable with nominal duty 336 Part 5 — General provisions as to vehicle licence duty 251. Failure to apply for transfer of licence 339 252. Seller to state dutiable value of vehicle etc. 339 253. Functions of CEO and Commissioner 340 254. Form of certain declarations 341 255. CEO’s duties 341 256. Records to be kept by dealers 341 Chapter 6 — Certain exemptions for connected entities 257. Terms used 342 258. Members of family 344 259. Relevant consolidation transaction 344 260. Relevant reconstruction transaction 346 260A. Consideration provided as loan 349 261. Predetermining certain questions 349 262. Application for exemption 351 263. Grant of exemption 351 264. Commissioner to be notified of certain events after exempt relevant transaction 352 264A. Automatic revocation of exemption 355 265. Revocation of exemption by Commissioner 356 266. Liability for duty and tax if exemption revoked 357 266A. Reduction of duty following automatic revocation or refusal of exemption 358 266B. Reduction of duty following automatic revocation or refusal of exemption resulting from relevant acquisition 359 266C. Property in relation to which landholder duty taken to be chargeable for s. 266B 361 266D. Application of s. 266B and 266C to foreign transfer duty and foreign landholder duty 362