Queensland Numbered Acts

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REVENUE AND OTHER LEGISLATION AMENDMENT ACT 2006 No. 44 - SECT 12

12 Amendment of s 92 (Concession for transfer duty--first home)

Section 92(1)(c)--

omit, insert--

'(c) either--
(i) the unencumbered value of the residential land is not more than $250000; or
(ii) if the unencumbered value of the residential land is more than $250000, the consideration for the transfer of the land is at least its unencumbered value.
Note--
See section 570 for the retrospective operation of particular amendments of this section.'.

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