DUTIES ACT 2001 - SECT 36 What is a Queensland business

DUTIES ACT 2001 - SECT 36

36 What is a Queensland business

A
"Queensland business" is a business—

(a) that is conducted on or from a place in Queensland; or

(b) the conduct of which consists wholly or partly of supplying land, money, credit or goods or any interest in them, or providing any service, to Queensland customers; or

(c) that has ceased but satisfied paragraph (a) or (b) at any time in the 1 year before a dutiable transaction that is the transfer, or agreement for the transfer, of an asset of the business.

Example for paragraph (c)—

A business conducted from a place in Queensland goes into liquidation. Three months after the business stops trading, the liquidator transfers business assets of the business. For determining whether the transfer of the business assets is a dutiable transaction, the business is a Queensland business because paragraph (a) was satisfied in the 1 year before the transfer.