Jonathan Wu

As foreshadowed in our Tax Note regarding the administration of the economic entitlement provisions in Part 4B of Chapter 2 of the Duties Act 2000 (Vic) (Act), the Victorian State Revenue Office (SRO) on 25 November 2025 has issued Ruling DA-067 (Ruling) which further clarifies the application of these provisions. Overall, the application of these provisions has broadened, and greater technical nuances have been introduced. Expert advice should be obtained early in the transaction process, including whether it may be appropriate to obtain a private ruling.