56MStatement chargeable with duty

56M Statement chargeable with duty (1) A statement lodged under section 56K is chargeable with duty at the ad valorem rate applicable to a conveyance of dutiable property with a dutiable value determined under section 56R. (2) However, there is to be deducted from the duty chargeable on a statement lodged under section 56K: (a) the amount, if any, paid under Schedule 1, item 20 to the Stamp Duty Act 1978 as in force before 1 July 2006 in respect of any instrument effecting or evidencing the acquisition of an interest in the corporation within the relevant period in relation to the relevant acquisition, except duty: (i) previously deducted under this paragraph; or (ii) paid in respect of the acquisition of an interest referred to in paragraph (c); and (b) the amount, if any, paid under this Division (but not refunded) on another statement lodged under section 56K in respect of the portion of the dutiable value of the relevant acquisition specified in that other statement that relates to the dutiable value of the acquisition of an interest in the corporation by the person or any related persons within the relevant period in relation to the relevant acquisition; and (c) the amount payable under this Division in respect of the acquisition of an interest in the corporation by the person or any related persons in any of the following circumstances: (i) if each of the following applies: (A) the acquisition is made for giving effect to a scheme that would qualify as a roll-over under