DUTIES ACT 2001 - SECT 39
Surrender of Queensland business asset so replacement asset may be granted
DUTIES ACT 2001 - SECT 39
Surrender of Queensland business asset so replacement asset may be granted
39 Surrender of Queensland business asset so replacement asset may be granted
(1) This section applies if a Queensland business asset is surrendered by a
person (the
"owner" ) so that a similar business asset may be granted, issued, given to or
obtained by another person.
(a) the
surrender is taken to be a transfer of the business asset by the owner to the
other person when the similar business asset is granted, issued, given or
obtained; and
(b) the owner and other person are the parties to the
dutiable transaction that is the transfer of the business asset.