Queensland Consolidated Acts Queensland Consolidated Acts(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.
(2) For imposing transfer duty--
(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.