DUTIES ACT 2001 - SECT 119 Exemption—trust acquisition or surrender in superannuation fund

DUTIES ACT 2001 - SECT 119

119 Exemption—trust acquisition or surrender in superannuation fund

Transfer duty is not imposed on a dutiable transaction that is a trust acquisition or trust surrender of a trust interest—

(a) of a member in a superannuation fund if the transaction is for the sole purpose of providing superannuation benefits for the member; or

(b) to the extent the transaction gives effect to a distribution of benefits of a person who was a member of a superannuation fund on the person’s death.