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Declaration

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required

Collection statement

This information is collected by the SRO to determine whether a person has made a relevant acquisition in a landholder on or after 1 July 2012. You are required to provide this information under section 83 of the Duties Act 2000, and failure to do so, may result in the imposition of penalties. The information collected may be used for the purposes of other SRO legislation. Where authorised by law to do so, we may also disclose this information to other government agencies including the ATO, State and Territory revenue offices and law enforcement agencies. You can find out more about how we use and protect your information in our Privacy Policy, available at www.sro.vic.gov.au.

Declaration

Person completing the statement

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required
This statement must be completed and lodged with the SRO within 30 days of the date a relevant acquisition is made in a landholder. Both the acquirer of the relevant acquisition and the landholder in which the acquisition was made are required to complete and lodge a statement (see section 83 of the Act). To reduce compliance costs, a landholder is not required to separately lodge a statement if the acquirer has lodged a statement within the requisite 30 day period. If neither the acquirer nor the landholder lodges a statement within the requisite 30 day period, penalties may be imposed on both parties. In cases involving the conversion of a private company to a listed company or a private or wholesale unit trust scheme to a public unit trust scheme, the listed company or trustee of the public unit trust scheme or in the case of a unit trust scheme, the trustee of the scheme is required to complete and lodge this statement with the SRO within 30 days of the date of the relevant acquisition (see sections 89B and 89C of the Act).

Person completing the statement

This statement is made with respect to a relevant acquisition in a landholder to which Part 2 of Chapter 3 of the Duties Act 2000 (the Act) applies and has been prepared by the following person:
I,
of
Address

Australian address

What is the type of address?

International address

make this statement in respect to a relevant acquisition in a landholder, and indicate as applicable:

Representative details

Do you have a representative?
Address

Australian address

What is the type of address?

International address

Details of landholder

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required
Section 71 of the Act defines a 'landholder' to include any private or public company or unit trust scheme that has land holdings in Victoria with a total unencumbered value of $1 million or more. It also defines a 'private landholder' to be a landholder that is a private company, private unit trust scheme or wholesale unit trust scheme and a 'public landholder' to be a landholder that is a listed company or a public unit trust scheme, being a listed trust, a widely held trust or a registered declared public unit trust scheme (see section 3 of the Act for definitions for all these terms).

Details of landholder

Is the landholder a company or a trust?
Company
Trust
Address of registered office

Australian address

What is the type of address?

International address

Is there a different address for service of notices?
Address for service of notices

Australian address

What is the type of address?

International address

Nature of landholder:
Private landholder
Public landholder
Listed companies/trusts
Identify the stock exchange on which the shares/units were quoted and traded:

Listed company/trust

Details of acquisition

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required
Meaning of the term 'relevant acquisition' Section 78 of the Act sets out the meaning of the term 'relevant acquisition'. In summary, the section provides that a person makes a relevant acquisition if:
(a) The person acquires an interest in a landholder -
(i)That is of itself a significant interest in the landholder, or
(ii)That amounts to a significant interest in the landholder when aggregated with all current and past acquisitions of interests made in the landholder by the person, an associated person, or any other person in an associated transaction, or (b) After an interest referred to above was acquired, the person, an associated person or any other person whose interest was aggregated as set out in sub paragraph (a)(ii) above, acquires a further interest in the landholder. NB. For the purpose of determining whether a relevant acquisition has been made, certain interests are disregarded including
(i)interests acquired before 15 November 1987 or at a time when the landholder did not hold land in Victoria (see section 78(5) of the Act);
(ii) interests acquired before 1 July 2009 in a landholder that is either a private company, a private unit trust scheme, a wholesale unit trust scheme or a public unit trust scheme (see clause 31(2) of Schedule 2 to the Act); and
(iii) interests acquired before 1 July 2012 in a landholder that is a listed company (see clause 31(3) of Schedule 2 to the Act).
Meanings for the terms 'interest' and 'significant interest' Section 79 of the Act sets out the meanings for the terms 'interest' and 'significant interest'. It provides that a person has an interest in a landholder if the person has an entitlement (otherwise than as a creditor or other person to whom the landholder is liable), whether directly or through another person, to a distribution of property from the landholder on a winding up of the landholder. A person who has an interest in a landholder has a significant interest in the landholder if the person, in the event of a distribution of all property of the landholder immediately after the interest was acquired, would be entitled to -
(a) In the case of a landholder that is a private unit trust scheme - 20 per cent or more of the property distributed, or
(b) In the case of a landholder that is a private company or a wholesale unit trust scheme - 50 per cent or more of the property distributed, or
(c) In the case of a landholder that is a listed company or public unit trust scheme - 90 per cent or more of the property distributed.
Aggregation of past acquisitions Except for those interests specifically excluded from aggregation under the Act (see section 78(5) and clause 31(2) and (3) of Schedule 2 of the Act), there is no time limit on the aggregation of past acquisitions under section 78 of the Act. However, duty is limited to only those acquisitions that were made in the last three years. Consequently, all past acquisitions of interests by the relevant person, any associated persons and/or other persons pursuant to an associated transaction must be included in this statement (see section 3 of the Act for definitions of 'associated person' and 'associated transaction'). The interests of associated persons may be excluded in determining whether a relevant acquisition has occurred if the Commissioner is satisfied that the interests of the persons were acquired, and will be used, independently and were not acquired, and will not be used, for a common purpose. The Commissioner's discretion does not apply if the persons are associated persons because they are related bodies corporate or if their acquisitions were part of an associated transaction (see section 78(2) and (3) of the Act).
How an interest in a landholder may be acquired Section 80 of the Act outlines how an interest in a landholder may be acquired. It provides that a person acquires an interest if the person obtains an interest beneficially, including if the person's interest increases, in the landholder regardless of how it is obtained or increased. A person may also acquire an interest if the capacity in which the person held the interest changes. To avoid doubt, it is not necessary to have a transfer of shares or units for the acquisition of an interest in a landholder. Consequently, a person may acquire an interest in a landholder by way of:
(a) The purchase, gift, allotment or issue of a share or unit,
(b) The cancellation, redemption or surrender of a share or unit,
(c) The abrogation or alteration of a right pertaining to a share or unit, and
(d) The payment of an amount owing for a share or unit.
Acquisition of an economic entitlement in, or control of, a private landholderIn respect of a private landholder, a relevant acquisition can also arise when a person acquires, directly or indirectly an econmic entitlement in, or control over, the landholder (see sections 81 and 82 of the Act).

Details of acquisition

How was the relevant acquisition made?
Single acquisition of a significant interest
Details of the relevant acquisition
The acquirer is an:
Individual
Company
Trust
Aggregated acquisition amounting to a significant interest
Details of the acquisition that gave rise to the relevant acquisition
The acquirer is an:
Individual
Company
Trust
Details of all other acquisitions of interests in the landholder by the above person, any associated person(s) and/or any other person(s) pursuant to any associated transaction

Other acquisition

The acquirer is an:
Individual
Company
Trust
If there is insufficient space please attach a document schedule and additional supporting documents in Submission Attachments.
Acquisition of a further interest
Details of the person who acquired the further interest
The acquirer is an:
Individual
Company
Trust
Please provide details of all prior further interests (if any) acquired by the same person, an associated person(s) and/or any other person whose interest was aggregated to constitute the relevant acquisition of the significant interest to which the above acquisition is the acquisition of a further interest
Were there any prior further interests acquired by the same person, an associated person(s) and/or any other person whose interest was aggregated to constitute the relevant acquisition of the significant interest to which the above acquisition is the acquisition of a further interest?

Prior further interest

The acquirer is an:
Individual
Company
Trust
If there is insufficient space please attach a document schedule and additional supporting documents in Submission Attachments.
Please provide details of the relevant acquisition of the significant interest to which the above acquisition(s) is/are a further interest
The acquirer is an:
Individual
Company
Trust

Other acquisition

The acquirer is an:
Individual
Company
Trust
If there is insufficient space please attach a document schedule and additional supporting documents in Submission Attachments.
Acquisition of an economic entitlement (only for private landholder)
Details of the person and any associated person(s) who acquired the economic entitlement
Person who acquired the economic entitlement
The acquirer is an:
Individual
Company
Trust

Associated person

The acquirer is an:
Individual
Company
Trust
If there is insufficient space please attach a document schedule and additional supporting documents in Submission Attachments.
Acquisition of control (only for private landholder)
Details of the person who acquired control:
The acquirer is an:
Individual
Company
Trust

Landholder’s Victorian land holdings

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required
Section 72 of the Act defines a 'land holding' as an interest in land other than the estate or interest of a mortgagee, chargee or other secured creditor or a profit à prendre. From 19 June 2019, a land holding also includes - 1.an interest in Victorian fixtures that is held seperately from the underlying land on which the fixtures are located, and2.an interest in Victorian land taken to be beneficially owned due to an economic entitlement held in relation to the land.A landholder's land holdings include interests in land holdings held directly by the landholder as well as interests in land holdings the landholder is entitled to through linked entities and discretionary trusts. They also extend to lands the landholder and/or its linked entities have contracted to buy but not settled as at the date of the relevant acquisition (see sections 72, 74, 75 and 76 of the Act).
Constructive ownership of land holdings through linked entities Section 75 of the Act deals with the constructive ownership of land holdings through linked entities. Under section 75 of the Act, a landholder is taken to be entitled to land through a linked entity or entities if on a winding up of all the entities and without regard to any liabilities of the linked entities, the landholder would receive a distribution of any of the property held by any of the linked entities. The interest in land the landholder is taken to hold through linked entities is the proportion of the land held by the linked entities that is equivalent to the proportion of the property the landholder would be entitled to receive if all the entities were to be wound up. However, land of linked entities is not counted unless at least 20 per cent of the land is traced up to the landholder (see section 75 of the Act for further details and the meaning of a 'linked entity').
Constructive ownership of land through discretionary trusts Section 76 of the Act deals with the constructive ownership of land holdings through discretionary trusts. Under section 76 of the Act, a landholder or linked entity is taken to be entitled to land of a discretionary trust if the landholder or linked entity is a beneficiary of the trust. Where section 76 of the Act applies, a landholder or linked entity is taken to be entitled to 100 per cent of the land of the trust, unless the Commissioner determines a lesser percentage is appropriate in the circumstances (see section 76 of the Act for further details and the meaning of a 'beneficiary').
Unencumbered Value Section 89G of the Act provides that the provisions of the Act for ascertaining the value of transfers chargeable with ad valorem duty apply in the same way to a relevant acquisition under Part 2 of Chapter 3 of the Act and the value of land holdings to which the relevant acquisition relates. Pursuant to section 22(1) of the Act, the 'unencumbered value' of land means the amount for which the land might reasonably have been sold in the open market at the time of the relevant acquisition free from any encumbrance to which the land was subject at that time. In determining the unencumbered value of a land holding, section 89G of the Act further provides that any arrangement made in respect of the land holding that has the effect of reducing its value is to be disregarded. However, an arrangement is not to be disregarded if the Commissioner is satisfied that the arrangement was not made as part of an arrangement or scheme with a collateral purpose of reducing the duty otherwise payable in relation to the relevant acquisition.

Details of the landholder’s Victorian land holdings

Estimate the unencumbered value of all land holdings in Victoria (whether residential property or not) the landholder held directly and/or through linked entities and discretionary trusts as at the date of the relevant acquisition. This includes fixtures owned separately from land in Victoria, economic entitlements in Victorian land and land in Victoria the landholder and/or its linked entities have contracted to buy but not settled as at the date of the relevant acquisition.

Claims for reduction or exemption

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required
Claim for reduction under section 89A of the Act Evidence of the payment of duty on an instrument evidencing the acquisition of shares or units comprising a relevant acquisition must be provided, such as the stamped instrument or a copy of the instrument bearing the duty imprint (see 'Supporting documents' in statement).
Claim for concession under section 89E of the Act Section 89E of the Act provides a concession from duty in circumstances where the Commissioner is satisfied that there is an anomalous duty outcome arising from the application of Part 2 of Chapter 3 of the Act to a particular transaction and, because of that anomaly, the duty payable under Part 2 of Chapter 3 of the Act is greater than the duty that would have been payable under Chapter 2 of the Act if the subject of the acquisition been a direct transfer of the land. In these circumstances, the Commissioner has a discretion to reduce the duty payable on the acquisition under Part 2 of Chapter 3 of the Act to an amount which is not less than the duty that would have been payable under Chapter 2 had the subject of the acquisition been a direct transfer of the land holdings to the person. If a higher duty outcome is intended from the operation of Part 2 of Chapter 3 of the Act, then no concession is available. Section 89E of the Act does not apply to a relevant acquisition that is the acquisition of an economic entitlement under section 81 of the Act or the acquisition of control under section 82 of the Act. Full and precise details of the anomalous duty outcome resulting from the application of the provisions must be provided when claiming this concession.
Claim for exemption under section 89D(a), (b), (c), (d) of the Act Section 89D of the Act provides that an acquisition by a person of an interest in a landholder is an exempt acquisition:
(a) If the means by which the person acquired the interest would have resulted in no ad valorem duty being payable under Chapter 2 had the subject of the acquisition been a transfer of the land of the landholder to the person, or
(b) If the interest was acquired in the person's capacity as a receiver or trustee in bankruptcy, as a liquidator or an executor or administrator of the estate of a deceased person, or
(c) If the interest was acquired solely as the result of making a compromise or arrangement with the landholder's creditors under Part 5.1 of the Corporations Act which has been approved by the court, or
(d) If the interest concerned is acquired solely from a pro rata increase in the interests of all unit holders or shareholders.
Claim for exemption under section 89F of the Act Section 89F of the Act provides that an acquisition statement is not chargeable with duty if the acquisition is effected solely for the purpose of securing financial accommodation and the person acquiring the interest is providing finance to the person from whom the interest is acquired. Evidence that the acquisition is effected solely for the provision of finance by the person acquiring the interest must be provided with this statement.

Claims for reduction or exemption

Are you making a claim for a reduction or an exemption?
Details of the reduction or exemption
Reduction under 89A
The duty payable on the relevant acquisition should be reduced by an amount calculated in accordance with section 89A of the Act because the following amount of duty was paid or is payable in respect of an instrument evidencing the acquisition of the shares/units comprising the relevant acquisition (including prior acquisitions that have been aggregated with the relevant acquisition).
Reduction under 89E
Exemption under 89D(a), (b), (c), (d) or 89F

Foreign purchaser acquisitions

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required
Meaning of foreign purchaser Section 3 of the Act defines a foreign purchaser to mean a person who is a foreign natural person, a foreign corporation or the trustee of a foreign trust. A foreign natural person means a natural person who is not an Australian citizen within the meaning of the Australian Citizenship Act 2007 (Cth), the holder of a permanent visa within the meaning of section 30(1) of the Migration Act 1958 (Cth) or a New Zealand citizen who is the holder of a special category visa within the meaning of section 32(1) of the Migration Act 1958 (Cth). A foreign corporation means a corporation that is incorporated outside Australia, or a corporation in which a controlling interest is held by a foreign natural person, another foreign corporation or the trustee of a foreign trust. A person has a controlling interest in a foreign corporation if the person is in a position to control more than 50% of the voting power or the potential voting power in the corporation, or has an interest in more than 50% of the issued shares in the corporation. A person may also be considered to have a controlling interest in a corporation if the Commissioner has made a determination in respect of the person pursuant to section 3C of the Act. Under section 3C, the Commissioner may determine that a person has a controlling interest in a corporation if, in the Commissioner’s opinion the person has the capacity to determine or influence, directly or indirectly, the outcome of decisions about the corporation’s financial and operating policies. A foreign trust means a trust in which a substantial interest in the trust estate is held by a foreign corporation, a foreign natural person or another person that holds the substantial interest as trustee of another foreign trust. A person has a substantial interest in the trust estate of a foreign trust if the person has a beneficial interest of more than 50% of the capital of the estate of the foreign trust, or the Commissioner has made a determination under section 3D in respect of the person. Under section 3D, the Commissioner may determine that a person has a substantial interest in a trust estate if, in the Commissioner’s opinion, the person has the capacity to determine or influence the outcome of decisions about the administration and conduct of the trust. In determining the additional duty payable on acquisitions of interests by foreign purchasers, residential property is defined, amongst other things, as land in Victoria capable of being used solely or primarily for residential purposes and which may be lawfully used in that way. It also includes land and/or a building on land a person intends to develop and be used solely or primarily for residential purposes. Residential property however does not include land capable of being used solely or primarily as commercial residential premises, a residential care facility, a supported residential care service or for the purposes of a retirement village (see section 3G of the Act).
Meaning of residential property In determining the additional duty payable on acquisitions of interests by foreign purchasers, residential property is defined, amongst other things, as land in Victoria capable of being used solely or primarily for residential purposes and which may be lawfully used in that way. It also includes land and/or a building on land a person intends to develop and be used solely or primarily for residential purposes. Residential property however does not include land capable of being used solely or primarily as commercial residential premises, a residential care facility, a supported residential care service or for the purposes of a retirement village (see section 3G of the Act).

Foreign purchaser acquisitions

Are any of the acquirers foreign purchasers?
Complete this part if the relevant acquisition or any interest aggregated to constitute the relevant acquisition disclosed in 'Details of Acquisition' was acquired by a foreign purchaser and the landholder identified at 'Details of Landholder' held, either directly and/or through linked entities and discretionary trusts, an interest(s) in Victorian residential property.
Details of the foreign purchaser and interest acquired

Foreign purchaser

The acquirer is an:
Individual
Company
Trust
Address

Australian address

What is the type of address?

International address

If there is insufficient space please attach a document schedule and additional supporting documents in Submission Attachments.
Estimate the unencumbered value of all the interests in Victorian residential property the landholder held directly and/or through linked entities and discretionary trusts as at the date of the relevant acquisition. This includes residential property in Victoria that the landholder and/or its linked entities have contracted to buy but not settled as at the date of the relevant acquisition.

Document checklist

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required

Document checklist

The following documents and information must be provided with this statement after clicking the submit button.

Supporting documents

Please provide any supporting documents
File:
Please note the overall size of attachment uploads is restricted to 20 MB.
If you are unable to attach your documentation within the prescribed limit, please send the remaining attachments to us at landholder@sro.vic.gov.au or Landholder Acquisitions Branch, State Revenue Office, GPO Box 1641, MELBOURNE, VIC 3001 quoting the tracking code mentioned on the top right of the online form.

Summary

Duties Form 58: Section 83 - Landholder Acquisition Statement
Fields marked with * are required

Person completing the statement

This statement is made with respect to a relevant acquisition in a landholder to which Part 2 of Chapter 3 of the Duties Act 2000 (the Act) applies and has been prepared by the following person:
I,
of
Address

Australian address

What is the type of address?

International address

make this statement in respect to a relevant acquisition in a landholder, and indicate as applicable:

Representative details

Do you have a representative?
Address

Australian address

What is the type of address?

International address

Details of landholder

Is the landholder a company or a trust?
Company
Trust
Address of registered office

Australian address

What is the type of address?

International address

Is there a different address for service of notices?
Address for service of notices

Australian address

What is the type of address?

International address