Western Australian Numbered Acts

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DUTIES ACT 2008 (NO. 11 OF 2008) - SECT 135

135 .         Farm-in agreements

        (1)         Nominal duty is chargeable on a farm-in agreement if no consideration is paid, or agreed to be paid, for the agreement.

        (2)         The dutiable value for a dutiable transaction that is a farm-in agreement is the consideration for the transaction.

        (3)         In subsections (1) and (2) —

        “consideration” does not include the exploration amount.



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