DUTIES ACT 2001 - SECT 64
Liability to pay transfer duty on creation or termination of trust
DUTIES ACT 2001 - SECT 64
Liability to pay transfer duty on creation or termination of trust
64 Liability to pay transfer duty on creation or termination of trust
(1) If a trust of dutiable property is created or terminated, the trustee of
the trust is the party to the dutiable transaction that is the creation or
termination of the trust.
(2) If the trustee of the trust does not pay the
transfer duty, the beneficiaries of the trust are jointly and severally liable
for the duty.
