DUTIES ACT 2001 - SECT 97 Dutiable transactions to which pt 10 applies

DUTIES ACT 2001 - SECT 97

97 Dutiable transactions to which pt 10 applies

(1) This part applies to each of the following dutiable transactions if the conditions applying to the transaction are satisfied—

(a) the transfer, or agreement for the transfer, of business property;

(b) a partnership acquisition if property of the partnership includes business property;

(c) a trust acquisition, other than a trust acquisition on the creation of a trust or a trust acquisition for a unit trust, if property of the trust includes business property;

(d) the creation of a trust, or trust acquisition on the creation of a trust, of—

(i) business property; or

(ii) an indirect interest in dutiable property if the dutiable property includes business property;

(e) a trust acquisition for a unit trust if the property of the trust includes business property.

(2) For subsection (1) (d) (ii) , an indirect interest in dutiable property is a partnership or trust interest in a family partnership, family trust or family unit trust that holds the dutiable property.