Australian Capital Territory Current Acts

DUTIES ACT 1999 - SECT 23

If any arrangement affecting the dutiable value of dutiable property that was entered into within 12 months before a dutiable transaction was brought about by any person with the intention of reducing the dutiable value of the dutiable property, the commissioner may—

        (a)     cause a valuation of the dutiable property to be made; and

        (b)     direct the valuer to disregard the arrangement for the purposes of the valuation; and

        (c)     assess duty on the basis of the valuation carried out in accordance with the direction.