20ACommissioner may require information to be provided

20A Commissioner may require information to be provided

[Section 20A Inserted by No. 21 of 2014, s. 25, Applied:09 Dec 2014]

(1)  [Section 20A Subsection (1) amended by No. 10 of 2017, s. 25, Applied:01 Jul 2017] If an interest in land is transferred or there is a change of the beneficial ownership of an interest in land –

(a) the transferee or the person who acquires the interest in the beneficial ownership; or

(b) [Section 20A Subsection (1) amended by No. 10 of 2017, s. 25, Applied:01 Jul 2017] a tax agent of the transferee or of the person who acquires the interest in the beneficial ownership; or

(c) [Section 20A Subsection (1) amended by No. 10 of 2017, s. 25, Applied:01 Jul 2017] a person who is authorised under an approval and who has the express or implied consent of –

(i) the transferee or a tax agent of the transferee; or

(ii) the person who acquires the interest in the beneficial ownership or the tax agent of that person –

to so lodge the information –

must lodge with the Commissioner, in the approved form, the information specified, in an approved form, to be required to be lodged in relation to the transfer or change in beneficial ownership.

Penalty:  In the case of –

(a) a body corporate, a fine not exceeding 100 penalty units; or

(b) in any other case, a fine not exceeding 20 penalty units.

(1A)  [Section 20A Subsection (1A) inserted by No. 10 of 2017, s. 25, Applied:01 Jul 2017] If an interest in land is transferred or there is a change of the beneficial ownership of an interest in land –

(a) the transferor or the person who held the interest immediately before the change of the beneficial ownership; or