The most significant changes to the Duties Legislation
First up are the proposed changes on how a farm-in will be treated under the WA Duties Act 2008. This has significant issues on how the funds spent and allocated should be considered in order to avail a transaction to the concessions available under the Act. The proposed legislation will be backdated to 28 November 2018. The drafting of a farm-in should carefully consider the requirements of the proposed amendments.
Second, a significant volume of changes designed to “stop duty leakage” has been presented […]