88Dispositions of transmission easements

88 Dispositions of transmission easements (1) A disposition of a transmission easement by a transmission easement holder, whether made before, on or after the commencement of this section, is not effective to exempt the transmission easement holder from any land tax that would have become payable on the easement had the disposition not taken place if, following the disposition, the easement continues to be, or may be, used by the transmission easement holder. (2) If the Commissioner is satisfied, having regard to— (a) the nature of the easement that is disposed of; (b) any other matters the Commissioner considers relevant— that a transmission easement holder should not pay any tax in respect of that easement that may become payable by reason of subsection (1), the Commissioner may exempt that transmission easement holder from tax payable under this Part. (3) In this section, ***disposition*** includes disposition by way of conveyance, transfer, settlement, declaration of trust or any other method. Pt 4 Div. 9 (Heading and ss 88A–88D) inserted by No. 28/2017 s. 65.