DUTIES ACT 2001 - SECT 404 How part applies to particular transactions

DUTIES ACT 2001 - SECT 404

404 How part applies to particular transactions

For this part—

(a) an application to transfer a vehicle is treated as an agreement for the transfer of dutiable property to the applicant transferee from the applicant transferor; and

(b) a vesting of dutiable property by, or expressly authorised by, statute law is treated as a transfer of the property to the person in whom it is vested from its owner immediately before the vesting takes place; and

(c) a vesting, under a court order, of dutiable property is treated as a transfer of the property to the person in whom it is vested from its owner immediately before the order is made; and

(d) a surrender of dutiable property is treated as a transfer of the property to the person to whom it is surrendered from the person who surrenders it; and

(e) a partnership acquisition is treated as a transfer of dutiable property to the partner from the former owner; and

(f) a trust acquisition, under which a person becomes a beneficiary or the person’s trust interest increases because of a transfer, or agreement for the transfer, of a trust interest, is treated as a transfer of dutiable property to the acquiring beneficiary from the transferor.