2012
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)
(Treasurer)
Duties Amendment Bill 2012 (No 2)

A Bill for
An Act to amend the Duties Act 1999

    

The Legislative Assembly for the Australian Capital Territory enacts as follows:

1	Name of Act
This Act is the Duties Amendment Act 2012 (No 2).
2	Commencement
This Act commences on the day after its notification day.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Legislation amended
This Act amends the Duties Act 1999.
4	Dutiable property
Section 10 (1) (k)
substitute
	(k)	an interest in any dutiable property mentioned in paragraphs (a) to (j), except to the extent that—
	(i)	it is, or is attributable to, an option over dutiable property; or
	(ii)	it is an interest under a sublease that—
	(A)	is granted for a term of 30 years or less; and
	(B)	is not a long-term lease.

Endnotes
1	Presentation speech
	Presentation speech made in the Legislative Assembly on 29 March 2012.
2	Notification
	Notified under the Legislation Act on	2012.
3	Republications of amended laws
	For the latest republication of amended laws, see www.legislation.act.gov.au.

© Australian Capital Territory 2012