Exemption from filing requirements

1   In relation to a taxable transaction that is a transfer by which forfeited land is returned to a transferee under section 40 of the Taxation (Rural Area) Act, the transferee is exempt from the following requirements under the Property Transfer Tax Act:

(a) the requirement under section 2 (1) (b) to file a return;

(b) the requirement under section 2.02 (3) (b) to include with the return the information and records required by the administrator;

(c) the requirement under section 2.02 (3) (c) to file the form established by the administrator.