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Department of Treasury and Finance
Land Rich Corporations

Chapter 3, Part 2 of the Duties Act 2001 external link icon imposes duty on acquisitions of certain interests in Land Rich Corporations.

Land Rich Corporations as defined as private companies or private unit trust schemes that have:

  1. land holdings in Tasmania with an unencumbered value of $500,000 or more; and
  2. land holdings in all places, whether within or outside Australia, comprising 60% or more of the unencumbered value of all its property.

Persons acquiring a majority interest in a land rich corporation (an interest of 50% or more whether in one transaction or over a series of transactions) are required to:

Further information is available in the Land Rich Provisions Guideline PDF icon.