Western Australian Numbered Acts Western Australian Numbered Acts (1) This section
applies to an acquisition referred to in section 171 if immediately
before the acquisition the corporation concerned, or a linked entity in
respect of the corporation, is entitled to —
(a) land
in Western Australia that is used solely or dominantly in the business of
primary production; and
(b) land
in Western Australia that is not so used.
(2) The following
provisions apply to the acquisition (the
"partially exempt acquisition") —
(a)
section 166 is not applicable to or in relation to the partially
exempt acquisition;
(b)
despite Part 6 Division 5, the amount of duty payable in respect of
the partially exempt acquisition is an amount that bears to the amount of duty
calculated under that Division in respect of the acquisition the same
proportion as the value of the land referred to in subsection (1)(b)
bears to the value of the corporation concerned, as determined under
section 186.