sec.78Notice of change of ownership of land

sec.78 Notice of change of ownership of land

A person must give the commissioner notice of becoming the owner of land within 1 month after becoming the owner. Under the Administration Act , the requirement under this subsection is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. A person must give the commissioner notice of ceasing to be the owner of land within 1 month after ceasing to be the owner. Under the Administration Act , the requirement under this subsection is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. A person is not required to comply with subsection (1) or (2) if— a properly completed combined form, together with an instrument of transfer for the land, is given to the registrar of titles; and the instrument of transfer is registered by the registrar of titles within 1 month after ownership of the land changed; and a properly completed revenue form is given to the commissioner within 1 month after ownership of the land changed. In this section— combined form means a form that— gives information required by this section and other Acts about a change of ownership of land; and may be given to the registrar of titles. revenue form means a form that— gives information required by this section and another revenue law under the Taxation Administration Act 2001 about the change of ownership; and may be given to the commissioner. s 78 amd 2017 No. 20 s 25 (sec.78-ssec.1) A person must give the commissioner notice of becoming the owner of land within 1 month after becoming the owner. Under the Administration Act , the requirement under this subsection is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. (sec.78-ssec.2) A person must give the commissioner notice of ceasing to be the owner of land within 1 month after ceasing to be the owner. Under the Administration Act , the requirement under this subsection is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. (sec.78-ssec.3) A person is not required to comply with subsection (1) or (2) if— a properly completed combined form, together with an instrument of transfer for the land, is given to the registrar of titles; and the instrument of transfer is registered by the registrar of titles within 1 month after ownership of the land changed; and a properly completed revenue form is given to the commissioner within 1 month after ownership of the land changed. (sec.78-ssec.4) In this section— combined form means a form that— gives information required by this section and other Acts about a change of ownership of land; and may be given to the registrar of titles. revenue form means a form that— gives information required by this section and another revenue law under the Taxation Administration Act 2001 about the change of ownership; and may be given to the commissioner.