Western Australian Consolidated Acts Western Australian Consolidated Acts (1) If a general
conditional contract becomes unconditional within one month after the
date on which it was first executed, then the person who is, or may be, liable
to pay duty on the contract must lodge the contract with the Commissioner
within 2 months after the date on which it was first executed.
Penalty: $5 000.
(2) If a general
conditional contract is not required to be lodged under subsection (1),
then the person who is, or may be, liable to pay duty on the contract must
lodge the contract —
(a)
within one month after the date on which the contract becomes
unconditional; or
(b)
within 12 months after the date on which the contract was first executed,
whichever is earlier.
Penalty: $5 000.
(3) Despite
subsection (2), if a vendor is related to a purchaser then the person who
is, or may be, liable to pay the duty on the contract must lodge the contract
with the Commissioner within 2 months after the day on which the contract
was first executed.
Penalty: $5 000.
(4) Despite
subsections (1), (2) and (3), a person is not required to lodge a general
conditional contract with the Commissioner if the contract is terminated on
relevant grounds before it is required to be lodged under this section.
(5) The person who is
or may be liable to pay duty on a contract of any of the following kinds must
lodge the contract with the Commissioner within 2 months after the day on
which the contract was first executed —
(a) a
farming land conditional contract;
(b) a
mining tenement conditional contract;
(c) an
off-the-plan conditional contract;
(d) a
subdivision conditional contract.
Penalty: $5 000.
[Section 17BA inserted by No. 12 of 2004
s. 18.]