DUTIES ACT 2001 - SECT 485 Registration of instrument disposing of units in unit trust etc.
DUTIES ACT 2001 - SECT 485
Registration of instrument disposing of units in unit trust etc.485 Registration of instrument disposing of units in unit trust etc.
The trustee or responsible entity of a unit trust must not record in the trust’s records an instrument that effects or evidences a trust acquisition or trust surrender of units in a unit trust, unless the instrument is properly stamped.
Penalty—Maximum penalty—100 penalty units.