By Nick Heggart, Tristan Boyd and Louise Van Wyk
A bill has been introduced into the Parliament of Western Australia to amend the Duties Act 2008 (WA) (Duties Act), in relation to farm-in agreements and related transactions (Amending Bill).[1] Reform of the longstanding farm-in stamp duty concession was first announced on 28 November 2018 (Announcement Date). Continue reading
By Nick Heggart, Jinny Chaimungkalanont, Tristan Boyd, Louise Van Wyk
RevenueWA has released Revenue Ruling DA 19.2 in relation to applications for a connected entity duty exemption. This replaces the previous Revenue Ruling DA 19.1 – with the key difference being the inclusion of the Commissioner’s treatment of notifiable events (which can trigger revocation of an exemption) at the pre-transaction decision (ruling) stage and at the exemption application stage.
