STAMP DUTIES ACT 1923 - SECT 102E
STAMP DUTIES ACT 1923 - SECT 102E
102E—Separation of statutory funds held by life companies
(1) If a person who
acquires an interest in a land holding entity is a life company, any interests
in the land holding entity acquired or held by the life company for different
statutory funds are to be treated as if they were acquired or held
independently by separate persons.
(2) If a life company
acquires or holds an interest in a land holding entity otherwise than for a
statutory fund, that interest is to be treated as if it were acquired or held
independently of, and by a separate person to, any interest acquired or held
by the life company for a statutory fund.
(3) For the purposes
of this Part, a life company, its statutory funds, and any trustee, are not to
be treated as associates except in a case where the Commissioner determines
that particular dealings between them (in any combination) form substantially
1 arrangement.
(4) In this
section—
"life company" has the same meaning as in the Life Insurance Act 1995 of the
Commonwealth;
"statutory fund" has the same meaning as in the Life Insurance Act 1995 of
the Commonwealth.