Deferral of Duty Application Form 

NOTES
•	Applicants MUST provide all requested information and complete all sections of the form relevant to them.  Incomplete forms and/or documentation may result in the application being denied. If more than two applicants, attach a second form. 
•	All applicants MUST be eligible for the Home Buyer Concession Scheme (HBC) or the First Home Owner Grant, AND the property must be at or below the relevant HBC upper threshold.  The minimum amount deferred is $1,000.
•	An application MUST be received by the ACT Revenue Office by the date the duty must be paid.  Duty is payable within 90 days of the grant, transfer or agreement, whichever is earlier or, for an Off the Plan agreement within 14 days if one of the events happen under s 16A of the Duties Act 1999.   Late applications will only be considered if you can show it was unduly onerous to lodge on time (see Revenue Circular DAA012.1).

Section 1	Applicant details	

	Applicant 1 (Contact Applicant)		Applicant 2	
Title	 Mr  Mrs  Miss  Ms  Dr		 Mr  Mrs  Miss  Ms  Dr	

First name
Middle name(s)
Family name				

Current residential address	Street number
		Street number
	
	Street name
		Street name
	
	Suburb
		Suburb
	
	State
	Postcode
		State
	Postcode
	
Daytime Telephone				

Section 2	Property details	
Suburb	Section	Block	Unit	Purchase price (Consideration)	Market value 	
				$	$	
Street address		

NOTE      If the buyer and seller are related or associated parties, ATTACH a qualified valuer’s report to substantiate the current market value of the property.  Also ATTACH original document for stamping.	
Date of grant/transfer or agreement for transfer (whichever is first)	      /       /       	

Section 3	Eligibility criteria	
Have you or your domestic partner applied for the First Home Owner Grant (FHOG)?	Yes    No	
Have you or your domestic partner applied for the Home Buyer Concession (HBC)?	Yes    No	
NOTE      To be eligible to defer the payment of duty, you must show that you are eligible for either the FHOG or the HBC.  If you answered NO to both questions you must also complete the appropriate FHOG or HBC application form and provide the required documentation.  If you require assistance contact the ACT Revenue Office on telephone (02) 6207 0028.	

Approved Form: AF2011-68
Section 4	Terms—deferral of duty	
Applicant	An individual at least 18 years old who, on completion of the purchase of the subject vacant land or property, will be an owner of that vacant land or property	
Consideration	The purchase price 	
Domestic partner	Has the same meaning as in the Legislation Act 2001	
Dutiable transaction	Has the same meaning as in the Duties Act 1999	
Individual	A natural person, not a company or an incorporated body	
Principal place of residence	The home you primarily reside in.  The most important characteristic of a principal place of residence is that the person is living in the residence on an ongoing and permanent basis as the person’s settled or usual home.  When the occupation is transient, temporary or of a passing nature, or the occupation is for some other purpose, this is not sufficient to establish occupation as a principal place of residence	
Related person or associated person	Has the same meaning as in the Duties Act 1999	
Simple interest	Interest that accrues only on the principal balance of the deferred duty and not on any accrued interest 	
Time payment arrangement	An agreement entered into by all applicants to pay all outstanding deferred duty and interest by the specified due date and in the specified manner	

Section 5	Conditions—deferral of duty	
1.	All applicants MUST meet the eligibility criteria for either the Home Buyer Concession or First Home Owner Grant to qualify for deferral of duty.  This includes the residency requirements to occupy the home as your principal place of residence for a continuous period of 6 months starting within 1 year of completion of the eligible transaction or issue of the Certificate of Occupancy.
2.	An application for deferral of duty MUST be received by the ACT Revenue Office by the date the duty must be paid.  Duty is payable within 90 days of the grant, transfer or agreement, whichever is earlier or, for an Off the Plan agreement, within 14 days if one of the events happen under s 16A of the Duties Act 1999.  Late applications will NOT be accepted unless it can be shown it was unduly onerous to lodge the application within the application period.
3.	Application for duty deferral will only be considered where the market value or purchase price (whichever is the greater) is equal to or below the relevant HBC upper threshold.  
4.	The minimum amount of duty that can be deferred is $1,000.
5.	The maximum term of the deferral of duty is for a period of five years after the day of the dutiable transaction taking place.  Repayment of the unpaid duty and any interest accrued and accruing must be paid in full within ten years after the day of the dutiable transaction taking place.
6.	Applicants must agree to enter into a time payment arrangement and repay the deferred duty and any accrued interest by way of instalments as determined by the Commissioner for ACT Revenue.
7.	Simple interest will accrue from the date the duty is payable and will continue to accrue until the deferred duty is paid in full.  
8.	Interest is calculated daily at the market rate under s 26 (2) of the Taxation Administration Act 1999.
9.	Applicants may make voluntary repayments over and above the instalment amount at any time.   
10.	Applicants must acknowledge that any outstanding amounts will be held as a charge against the subject property.
11.	For the purposes of s 97 of the Taxation Administration Act 1999, applicants must consent to the display of any outstanding amount in connection with this agreement on any Certificate of Rates, Taxes and other Charges produced in relation to the subject property.
12.	All outstanding duty and interest must be paid in full prior to the subject property being sold.    
13.	Applicants must notify the ACT Revenue Office within 14 days of any change to their address or any other detail relevant to their application. 
14.	Applicants will be notified in writing of the outcome of their application together with any conditions that will form part of the deferral of duty.  
15.	If an applicant is successful in applying for deferral of duty but is subsequently determined not to have met the eligibility criteria, the Commissioner for ACT Revenue may issue an amended duty assessment.  An amended assessment may result in interest and penalties being imposed together with the requirement for the applicant to immediately pay all outstanding amounts.  
16.	Applicants must acknowledge that they have had the opportunity to obtain independent financial advice prior to signing their application for deferral of duty. 

Section 6	Declaration and Undertaking 	
I/We declare that: 
1.	signing this form constitutes an application for deferral of duty;
2.	all applicants are over 18 years of age;
3.	all information in this application and in any supporting documentation is true and correct and to the best of my/our knowledge, no information relevant to the consideration of this application has been omitted; 
4.	I/we have read and understood the terms and conditions set out in Sections 4 and 5 of this form;  
5.	I/we have had the opportunity to obtain independent financial advice prior to signing this form;
6.	I/we have completed all relevant Sections of this form; and
7.	for the purposes of s 97 of the Taxation Administration Act 1999 and s 14 of the Privacy Act 1988 (Cth), I/we consent to any outstanding amount in connection with this agreement being displayed in any Certificate of Rates, Taxes and other Charges produced by the ACT Revenue Office in relation to the subject property.
I/We understand that:
1.	as part of this application for a deferral of duty, we agree to enter into a time payment arrangement;
2.	the information provided on the Home Buyer Concession and/or First Home Owner Grant Application Forms may be used by the ACT Revenue Office to determine our eligibility for a deferral of duty; 
3.	in the event that a deferral of duty is granted, the Commissioner for ACT Revenue may issue an amended assessment if it is determined that the eligibility criteria were not met;  and
4.	giving false or misleading information is a serious offence (Section 338, Criminal Code 2002).	
NOTE       All applicants and their domestic partners must sign the Declaration 	

	Applicant 1	Applicant 2	
Name			
Signature			
Date			
Witness signature 
			
Witness - Full name and address 
(A witness must not be an applicant or a partner of an applicant and must not be related to the applicant or his/her partner)	Name 	Name 	
	Street number/name 	Street number/ name 	
	Suburb 	Suburb 	
	State                                Postcode  	State                             Postcode  	

Office Use Only	Delegate name:
Signature:
Date:	FHOG UIN	
		HBC REF	
	Approved:	Rejected:	Compliance check:	Rates Account No	

PRIVACY STATEMENT
All information collected by the ACT Revenue Office is protected by secrecy provisions in Acts administered by the Office and only used for the purposes of those Acts.  In addition, personal information provided to the ACT Revenue Office is protected by the Privacy Act 1988 (Cth).  Information (including personal information) is not disclosed to any third party unless authorised by law or with the consent of the person involved.