DUTIES ACT 2001 - SECT 76A Approval of class of foreign unit holders as qualified holders

DUTIES ACT 2001 - SECT 76A

76A Approval of class of foreign unit holders as qualified holders

The commissioner may, by gazette notice, approve a class of persons as qualified holders of units in a unit trust if the commissioner is satisfied persons of that class hold the units in a capacity that, under the law of a foreign country or external Territory, corresponds to—

(a) an entity mentioned in section 76 (1) (a) other than the trustee of a declared public unit trust; or

(b) an entity mentioned in section 76 (1) (b) to (d) .