(1) This part applies to all expressly or intentionally created trusts,
regardless of how they are created.
(2) However, this part does not apply to
a trust acquisition or trust surrender of a trust interest in a public unit
trust other than a majority trust acquisition in a land holding trust.
Notes—
1 For subsection (2) , see division 7 (Public unit trusts),
subdivisions 7 (Majority trust acquisitions in land holding trusts) and 8
(Indirect trust interests).
2 An acquisition of an interest in a listed unit
trust that is a landholder may be dutiable under chapter 3 , part 1
(Landholder duty).
