Document ID: chunk:federal_register_of_legislation:C2024A00103:clause:2_4
Version: federal_register_of_legislation:C2024A00103
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 10415–10958

4  Acquisition of property
(1) Item 2 or 3 has no effect to the extent (if any) to which:
 (a) its operation would result in an acquisition of property from a person otherwise than on just terms; and
 (b) the acquisition of property would be invalid because of paragraph 51(xxxi) of the Constitution.
(2) In this item:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.

Part 3—Commonwealth entities (payment surcharges) tax