DUTIES ACT 2001 - SECT 43 What is a partnership’s indirect interest in dutiable property

DUTIES ACT 2001 - SECT 43

43 What is a partnership’s indirect interest in dutiable property

A partnership has an
"indirect interest" in dutiable property if—

(a) through a partnership interest or trust interest there is a connection between the partnership and dutiable property of the other partnership or trust; or

(b) through a series of partnership interests or trust interests, or a combination of any of them, there is a connection between the partnership and dutiable property of a partnership or trust in the series.