Surrender and regrant of Crown lease

Conveyance duty is not imposed on the grant of a new Crown lease (new Crown lease) to a lessee under a previous Crown lease because of the surrender of the previous lease, if:

Changing the purpose for which the land comprised in the lease may be used
granting the lessee a longer leasehold interest in the land comprised in the lease
reducing rent to not more than 5 cents a year, and
correcting errors or omissions.

A Crown lease means:

a territory lease, and
includes a lease granted by the Commonwealth or the Federal Capital Commission.

Have you been regranted a new Crown lease in the ACT?

All concessions and exemption applications at the ACT Revenue Office are self-assessed. You are obligated to ensure that all the eligibility criteria have been met (or will be met) before applying for any concession or exemption code in the Buyer Verification Declaration.

You should undertake your own inquiries into the eligibility requirements. This may include obtaining information from this website, legislation, or independent professional advice.