Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies if--
(a) under section 80, a person would have made a majority trust acquisition in a wholesale unit trust; and
(b) all the persons who held or acquired the trust interests comprising the majority trust acquisition are group companies of a corporate group; and
(c) the funds manager of the wholesale unit trust is a group company of the corporate group; and
(d) there is no arrangement to avoid the imposition of transfer duty.
(2) For section 80, the trust interest of a person mentioned in subsection (1)(b) who is a qualified holder must be disregarded.
(3) To remove any doubt, it is declared that section 80 applies to other trust interests, including trust interests held through the qualified holder.