s. 201SM (2) Despite subsection (1), a person remains liable under the work-in-kind agreement to perform the obligations under the agreement. Subdivision 3—Deferral of GAIC 201SM Person may elect to defer payment of GAIC S. 201SM inserted by No. 23/2010 s. 9. (1) Subject to subsection (2), a person who is liable to S. 201SM(1) substituted by pay a growth areas infrastructure contribution No. 31/2011 imposed in respect of a dutiable transaction s. 10(1). relating to land may elect to defer the payment of up to 100% of that contribution. (2) A person who is liable to pay a growth areas S. 201SM(2) amended by infrastructure contribution under section No. 31/2011 201SMAA may elect to defer the payment of the s. 10(2). whole of that contribution. (3) An election must be made to the Commissioner— (a) in a form approved by the Commissioner; and (b) before the day on which the contribution is payable. (4) An election to defer the payment of the whole or part of a growth areas infrastructure contribution under subsection (1) takes effect from the time that the liability to pay the contribution arises. S. 201SM(5) (5) An election to defer the payment of a growth area amended by infrastructure contribution under subsection (2) No. 31/2011 s. 10(3). takes effect from the time the liability to pay the contribution arises in accordance with section 201SMAA(5). (6) A person who has deferred the payment of part of a growth areas infrastructure contribution under this section must pay the part of the contribution
(2) Despite subsection (1), a person remains liable under the work-in-kind agreement to perform the obligations under the agreement. Subdivision 3—Deferral of GAIC S. 201SM inserted by No. 23/2010 s. 9. 201SM Person may elect to defer payment of GAIC s. 201SM S. 201SM(1) substituted by No. 31/2011 s. 10(1). (1) Subject to subsection (2), a person who is liable to pay a growth areas infrastructure contribution imposed in respect of a dutiable transaction relating to land may elect to defer the payment of up to 100% of that contribution. S. 201SM(2) amended by No. 31/2011 s. 10(2). (2) A person who is liable to pay a growth areas infrastructure contribution under section 201SMAA may elect to defer the payment of the whole of that contribution. (3) An election must be made to the Commissioner— (a) in a form approved by the Commissioner; and (b) before the day on which the contribution is payable. (4) An election to defer the payment of the whole or part of a growth areas infrastructure contribution under subsection (1) takes effect from the time that the liability to pay the contribution arises. S. 201SM(5) amended by No. 31/2011 s. 10(3). (5) An election to defer the payment of a growth area infrastructure contribution under subsection (2) takes effect from the time the liability to pay the contribution arises in accordance with section 201SMAA(5). (6) A person who has deferred the payment of part of a growth areas infrastructure contribution under this section must pay the part of the contribution
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