DUTIES ACT 2001 - SECT 129
Exemption—transfer by direction to primary custodian for responsible entity of registered managed investment scheme
DUTIES ACT 2001 - SECT 129
Exemption—transfer by direction to primary custodian for responsible entity of registered managed investment scheme
129 Exemption—transfer by direction to primary custodian for responsible
entity of registered managed investment scheme
(1) Transfer duty is not imposed on a transfer of dutiable property from a
person as vendor to another person as primary custodian for the responsible
entity of a registered managed investment scheme.
(2) However, subsection (1)
applies only if—
(a) the transfer is made under a dutiable transaction that
is the agreement for the transfer of the property entered into between the
person as vendor and the responsible entity as purchaser; and
(b) the
property is acquired by the responsible entity as scheme property; and
(c)
transfer duty imposed on the transaction has been paid.
