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DUTIES ACT 2001 - SECT 414 Exemption—particular duties for charitable institutions

DUTIES ACT 2001 - SECT 414

Exemption—particular duties for charitable institutions

414 Exemption—particular duties for charitable institutions

(1) Duty is not imposed on the following—
(a) a dutiable transaction under which a charitable institution acquires dutiable property;
(b) a dutiable transaction that is—
(i) the creation or termination of a trust of dutiable property for the benefit of a charitable institution; or
(ii) a trust acquisition or trust surrender by a charitable institution;
(c) a premium for general insurance for property or undertaking of a charitable institution;
(d) an application to register or transfer a vehicle in the name of a charitable institution.
(2) Subsection (1) applies only if the use requirements under division 2 are complied with.