Victorian Numbered Acts

STATE TAX LAWS AMENDMENT (BUDGET AND OTHER MEASURES) ACT 2013 (NO. 41 OF 2013) - SECT 18

For section 57JA of the Duties Act 2000 substitute —

        " 57JA     Reduction of duty for certain first home buyers on PPR transfers

    (1)     This section applies to—

        (a)     a transferee to whom a first home owner grant is paid or payable under section 7 of the First Home Owner Grant Act 2000 ; or

        (b)     a transferee of an existing home to whom a first home owner grant would be payable under section 7 of the First Home Owner Grant Act 2000 if the home were a new home within the meaning of that Act.

    (2)     The duty chargeable on a PPR transfer to a transferee to whom this section applies calculated under section 28(1) or 57J is to be reduced by the following percentages—

        (a)     where the dutiable transaction takes place on or after 1 July 2011 and on or before 31 December 2012—20%;

        (b)     where the dutiable transaction takes place on or after 1 January 2013 and on or before 30 June 2013—30%;

        (c)     where the dutiable transaction takes place on or after 1 July 2013 and on or before 31 August 2014—40%;

        (d)     where the dutiable transaction takes place on or after 1 September 2014—50%.".