Landholder

The new ‘economic entitlement’ provisions in Victoria

The new ‘economic entitlement’ provisions in Victoria

The ‘economic entitlement’ provisions are unique in Victoria. Pursuant to the amendments to the legislation as part of the Victorian 2019/20 budget, from 19 June 2019 these provisions now apply to impose duty where an economic entitlement is acquired in relation to Victorian land and any Victorian landholding entity.

Landholder Duty - Part 5 – Acquisitions of Economic Entitlement

Landholder Duty - Part 5 – Acquisitions of Economic Entitlement

In Parts 1-4 of this series, we discussed the landholder duty provisions, with a particular focus on Victorian landholder duty. In this part we continue to delve into the complex landholder provisions, with a focus on the principle of an acquisitions of economic entitlement.