(ii) to be
vested in the apparent purchaser upon trust for the real purchaser, if the
Chief Commissioner is satisfied that the money for the purchase of the
dutiable property has been or will be provided by the real purchaser, or
(1A) For the purposes of subsection (1), money provided by a
person other than the real purchaser is taken to have been provided by the
real purchaser if the Chief Commissioner is satisfied that the money was
provided as a loan and has been or will be repaid by the real purchaser.
(1B)
This section applies whether or not there has been a change in the legal
description of the dutiable property between the purchase of the property by
the apparent purchaser and the transfer to the real purchaser.
Note : For
example, if the dutiable property is land, this section continues to apply if
there is a change in the legal description of the dutiable property as a
consequence of the subdivision of the land.
(1C) This section applies to the
legal personal representative of an apparent purchaser or real purchaser who
has died in the same way as it applies to an apparent purchaser or real
purchaser.
(2) In this section,
"purchase" includes an allotment.