In the context of the sale/purchase of real property in Queensland and providing/receiving a Foreign Resident Capital Gains Withholding Clearance Certificate:
Schedule 1 to the Taxation Administration Act 1953
Subsection 14-210(2)(a) provides that the Buyer's foreign resident capital gains withholding obligation does not apply if the Seller provides the Buyer with a certificate that:
(i) was issued under subsection 14-220(1) of the Act; and
(ii) is for a period covering the time the transaction is entered into.
Question: "Is the period covering the time the transaction is entered into" referring to the settlement date, or the contract date?
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