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DUTIES ACT 1999 - SECT 10 Dutiable property

DUTIES ACT 1999 - SECT 10

Dutiable property

    (1)     Dutiable property is any of the following:

        (a)     land in the ACT;

        (b)     a Crown lease;

        (c)     a declared land sublease;

        (d)     a land use entitlement;

        (e)     a commercial lease with premium;

        (f)     an interest in a partnership that holds dutiable property mentioned elsewhere in this section (a "partnership interest");

        (g)     goods in the ACT, if the subject of an arrangement that includes a dutiable transaction over any dutiable property (other than intellectual property) elsewhere mentioned in this section, not including the following:

              (i)     goods that are stock-in-trade;

              (ii)     material held for use in manufacture;

              (iii)     goods under manufacture;

              (iv)     goods held or used in connection with land used for primary production;

              (v)     livestock;

              (vi)     a registered motor vehicle;

              (vii)     a ship or vessel;

        (h)     an option to purchase land in the ACT or a Crown lease or declared land sublease over land in the ACT;

              (i)     an interest in any dutiable property mentioned in paragraphs (a) to (h), except to the extent that—

              (i)     it is, or is attributable to, an option over dutiable property; or

              (ii)     it is an interest under a commercial lease or a sublease of a commercial lease, other than a commercial lease with premium.

    (2)     In this section:

"holds"—a partnership holds dutiable property if (but not only if)—

        (a)     the partners hold the property for the partnership; or

        (b)     the partnership has an indirect interest in the property.

"indirect interest"—a partnership has an indirect interest in dutiable property if—

        (a)     through a partnership interest or trust interest there is a connection between the partnership and dutiable property of the other partnership or trust; or

        (b)     through a series of partnership interests or trust interests, or a combination of any of them, there is a connection between the partnership and dutiable property of a partnership in the series.

"intellectual property" means––

        (a)     a business name, trading name, trade mark, industrial design, patent, registered design or copyright; or

        (b)     a right to use or exploit—

              (i)     a business name, trading name, trade mark or industrial design; or

              (ii)     a thing, system or process that is the subject of a patent, registered design or copyright (or an adaptation or modification of such a thing, system or process).