About time that this happened! Vendor duty on contracts for land related property in NSW were abolished from 2 August 2005. This applied to all contracts entered into (ie exchanged) on or after 2 August 2005. The Office of State Revenue has also put Anti-avoidance provisions which will basically prevent contracts being rescinded and re-issued with the same buyer. Hopefully the NSW Labour govt has recognised that this duty was viewed by investors as a mere money grab and totally unnecessary.