State Tax Developments
Victorian anti-avoidance provisions
05.12.2008
The Duties Amendment Bill 2006 (Vic), which was introduced into the Victorian Parliament on 2 December 2008, contains amendments to overcome (which are to have effect from 21 November 2008) the decision in The Trust Company of Australia Ltd v CCSR (Vic) [2007] VSC 451 and the exploitation of long-term leases to avoid conveyance duty.
The amending Bill also contains amendments designed to ensure stamp duty is remitted more quickly.
