DUTIES ACT 2001 - SECT 125 Exemption—particular vestings of dutiable property

DUTIES ACT 2001 - SECT 125

125 Exemption—particular vestings of dutiable property

Transfer duty is not imposed on a dutiable transaction that is, or arises from—

(a) a vesting of dutiable property on a statutory trust for sale or partition under the Property Law Act 1974 , part 5 ; or

(b) a vesting of dutiable property in a receiver or trustee in bankruptcy or a retransfer of the property to the bankrupt on the bankrupt’s discharge from bankruptcy.