[no bill text published] Right to Apply for Reassessment of Transfer Duty
Taxation and Related Legislation (Miscellaneous Amendments) Bill 2026 (21 0f 2026)
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Transferees can apply in writing to the Commissioner for a reassessment of transfer duty.
The Commissioner must reassess and refund duty if ad valorem duty was paid on transfers subject to section 56(1) or 56A(1).
The Commissioner must reassess duty as if conditions were met at the time of transfer if they are satisfied duty is not chargeable.
Property developers now meet the reassessment threshold at 10 relevant dwellings; this is down from 50.
The Commissioner will not reassess or refund duty for previous financial years based on the new developer threshold.
A foreign natural person is defined as someone who is not an Australian citizen or permanent resident.
The law removes specific subsections regarding applications for tax refunds.