The Duties Amendment (Landholder) Act 2012 (Vic) has introduced new landholder duty provisions into the Duties Act 2000, in relation to acquisitions of interests in certain land holding entities, replacing the land rich duty provisions which have existed in Victoria since 1987. From 1 July 2012, acquisitions of interests in “landholders” (a company or unit trust scheme that has land holdings in Victoria with an unencumbered value of $1 million or more) are chargeable with duty at the rates applicable to land transfers.