DUTIES ACT 2001 - SECT 126A
Exemption—special disability trusts
DUTIES ACT 2001 - SECT 126A
Exemption—special disability trusts
126A Exemption—special disability trusts
(1) Transfer duty is not imposed on a dutiable transaction that is— (a) the
transfer, or agreement for the transfer, of an eligible home to the trustee of
a special disability trust ; or (b) the creation of a special disability trust
holding dutiable property , to the extent the dutiable property is an
eligible home ; or (c) a trust acquisition in a special disability trust , to
the extent the trust interest acquired relates to an eligible home . (2) In
this section—
"eligible home" , in relation to a special disability trust , means residential
land that is being, or will be, used as the principal place of residence by
the beneficiary of the trust.
"special disability trust" means a special disability trust under— (a) the
Social Security Act 1991 (Cwlth) , section 1209L ; or (b) the Veterans’
Entitlements Act 1986 (Cwlth) , section 52ZZZW .
http://www.austlii.edu.au/au/legis/qld/consol_act/da200193/s126a.html