For dutiable transactions occurring on or after 1 April 2012, the time period for paying duty is reduced to 30 days. The time period for paying duty and lodging documents will be reduced from 3 months to 30 days.įor dutiable transactions (generally, this is the date of settlement) occurring before 1 April 2012, the time period for paying duty is 3 months. However on 29 November 2011 Victorian Government introduced changes to the Duties Act 2000 to reduce the period for the payment of duty. Until 2012 duty was payable within 3 months of settlement.
The purchaser or transferee is liable to pay the duty.