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DUTIES ACT 2001 - SECT 126 Exemption—transactions for trust created for person under legal disability

DUTIES ACT 2001 - SECT 126

Exemption—transactions for trust created for person under legal disability

126 Exemption—transactions for trust created for person under legal disability

Transfer duty is not imposed on a dutiable transaction that is—

(a) the transfer, or agreement for the transfer, of dutiable property from the trustee of a trust created under the Public Trustee Act 1978 , section 59 , to the beneficiary of the trust; or
(b) the surrender of a trust interest of the beneficiary as a result of the transfer or agreement for the transfer.