Duties Act 1997 No 123
Historical version for 29 November 2002 to 31 December 2002 (accessed 18 December 2014 at 22:29) Current version
Chapter 5Part 4Section 179

179   Exemptions

(1)  A lease instrument for any of the following leases is not chargeable with duty under this Chapter:
(a)  a lease for a term of less than one year whose total cost is not more than:
(i)  $3,000—if the date of first execution of the lease is before 1 July 2001, or
(ii)  $20,000—if the date of first execution of the lease is on or after 1 July 2001,
(b)  a lease for a term of one year or more whose total cost is not more than:
(i)  $3,000 per year—if the date of first execution of the lease is before 1 July 2001, or
(ii)  $20,000 per year—if the date of first execution of the lease is on or after 1 July 2001,
(c)  a lease granted by or on behalf of a corporation, society or institution if:
(i)  the purpose of the lease is to grant a retired person or a disabled person the right to occupy residential accommodation, and
(ii)  the lease has not been granted for the purpose of profit by the lessor,
(d)  a lease of premises to the Home Care Service of New South Wales,
(e)  a lease executed in accordance with Part V of the Commonwealth National Health Act 1953.
(2)  Duty under this Chapter is not chargeable on a lease instrument on:
(a)  so much of the cost of a residential lease as relates to premises used, or intended to be used, exclusively as a residence, or
(b)  so much of the cost of a lease of a moveable dwelling site used, or intended to be used, as the principal place of residence of the lessee.
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