26Application for exemption regarding corporate re-construction

26 Application for exemption regarding corporate re-construction (1) The parties to a conveyance, transfer or relevant acquisition referred to in section 19 or 20 may apply to the Commissioner for an exemption under that section from the payment of duty. (2) The application must be accompanied by all relevant information. (3) If the Commissioner is satisfied that the applicant is entitled to the exemption sought in the application, the Commissioner must grant the exemption accordingly.

Stamp Duty Act 1978 31 (4) If the Commissioner previously gave a ruling in favour of the applicant in relation to the relevant transaction, the Commissioner is bound by the ruling unless it appears to the Commissioner that: (a) the circumstances of the actual transaction differ in a material respect from the circumstances of the proposed transaction as disclosed in the application for the ruling (or the accompanying information); or (b) the applicant failed to disclose, or misrepresented, a material fact in the application for the ruling.