Queensland Consolidated Acts

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DUTIES ACT 2001 - SECT 67

67 Parties to trust acquisition and trust surrender

(1) For a trust acquisition, the beneficiary acquiring the trust interest is the party to the dutiable transaction.

(2) For a trust surrender, the trustee and the beneficiary whose trust interest is surrendered are the parties to the dutiable transaction.

Note--
Under section 17, the parties to a dutiable transaction are liable to pay transfer duty imposed on the transaction.


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