Australia, May 22 -- New South Wales Land and Environment Court issued text of the following judgement on April 22:
1. The Applicants, GWP and GXZ, sought administrative review of the Respondent, the Chief Commissioner of State Revenue's decision to charge the Applicants interest for not paying transfer duty (stamp duty) between 1 September 2024 and 5 November 2024 for their off the plan property purchase.
2. The Tribunal has decided to affirm the Respondent's decision and not remit the interest charged.
Overview
3. On 1 June 2023, the Applicants executed a contract for an off the plan purchase of a unit in an off the plan development for over $6 million. A Development Application had first been lodged by the developer/vendor in June 20...