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The state exemption (s. 426) procedure

Follow this procedure to apply a section 426 exemption for the state using OSRconnect.

Use our state exemption toolkit for more information.

Note: The fields marked with an asterisk (*) are mandatory.

On the Lodgement Obligations tab:

  1. Select Transfer Duty from the Create return/transaction drop-down list.
  2. Select Create to start the transaction.
  1. You can enter your own reference (optional).
  2. Complete the Transaction fields depending on the exemption you are claiming.
  3. Click Next.

The Property section will display first. Make sure you complete this stage following our data entry standards.

  1. Complete the property, transferor and transferee details.
  2. Answer the question: Is the property a residential off-the-plan purchase?
  3. Answer the question: Is the property a new building or residence?
  4. If the transaction includes real property, answer the question: Is the transferor a non-Australian entity?
    If Yes, an identity details annexure is required.
  5. Select Email next to the non-Australian transferor’s name. If you are unable to obtain the email address for the transferor, contact the Office of State Revenue immediately.
  6. If the transaction includes real property, answer No to the question: Is the transferee a non-Australian entity?
  7. Click Next.
  1. Answer the question: Is the consideration less than the unencumbered value of the property included in this transaction?
  2. Enter the Consideration / Unencumbered value of ENTIRE property.
    This is $0.00 for an exemption claim.

Evidence of value is generally not required for an exemption.

  1. Select Yes to the question: Is an exemption being claimed?
  2. Select the applicable exemption from the Exemption type drop-down list.
  3. Answer No to the question: Does this transaction form part of an arrangement that includes other dutiable transactions (Section 30)?
  4. Click Next.

The duty is calculated as $0.00 for an exemption claim.

  1. Click Save to validate your data.
    The status message advises of any errors in the form.

    A transaction number is created, and the transaction is saved in draft. (The transaction number will be displayed in a pop-up box that you can then close by clicking the X button.)

  2. Click Summary.
  3. Click Print for a hard copy.
  4. Click the X to close the summary.
  5. Click Next.
  1. Enter your full Name and contact details.
  2. Click the box to complete your acknowledgement.
  3. Click either:
    • Submit to lodge this transaction - you can then view this by using the Filter & Search function in the Lodgement Obligations tab.
    • Save to save this transaction - you can then view this in Lodgement Obligations.