256Taxes and duties

256 Taxes and duties

S. 256(1) amended by No. 48/2024 s. 42.

(1) No duty is payable under the Duties Act 2000 in respect of an agreement made for the purpose of an approved project.

S. 256(1A) inserted by No. 49/2013 s. 67.

(1A) No duty is payable under the Duties Act 2000 in respect of any transfer of land made for the purpose of an approved project.

(2) No land tax is payable in respect of leased land.

(3) No land tax is payable by a licensee in respect of licensed land.

(4) No fee is payable to the Registrar of Titles in respect of a dealing lodged with the Registrar relating to surplus land or project land disposed of under Subdivision 4 of Division 7 of Part 6.

S. 256(5) inserted by No. 43/2021 s. 212.

(5) For the purposes of this section—

(a) a reference to an agreement made for the purposes of an approved project includes a reference to an agreement made in relation to an acquisition or transfer or other disposal of land under Division 1AA of Part 6; and

(b) a reference to a transfer of land made for the purposes of an approved project includes a reference to a transfer of land under Division 1AA of Part 6.