Land-rich corporations

​​​​​​​​Effective 6 December 2016 the land-rich provisions contained in the Chapter 3 of the Duties Act 2001 were replaced by new provisions that impose landholder duty​.

Land-rich provisions still apply to transactions prior to 6 December 2016.​

​Prior to 6 December 2016, Chapter 3, Part 2 of the Duties Act 2001 imposed duty on acquisitions of certain interests in
land-rich corporations.

Land-rich corporations were defined as private companies or private unit trust schemes that had:

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

How to lodge

Persons who acquired 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:

Additional information

For additional information, refer to:

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