DUTIES ACT 2000 - SECT 156 Where is property located?

DUTIES ACT 2000 - SECT 156

For the purposes of this Chapter, property in the following forms is taken to be located in the place specified—

S. 156(a) substituted by No. 44/2001 s. 3(Sch. item 32.6(b)).

        (a)     shares in or securities of a body corporate—

              (i)     in the case of a company within the meaning of the Corporations Act—in the place in which the company is taken to be registered;

              (ii)     in any other case—in the place of incorporation of the body corporate;

        (b)     units in a unit trust scheme—

              (i)     in the place where the register on which the units are registered is kept; or

              (ii)     in the place of residence of the manager or responsible entity of the unit trust scheme, if the register on which the units are registered is not kept in Australia;

        (c)     debt securities of a Government of a State or Territory, in the State or Territory concerned.

S. 156(2) repealed by No. 44/2001 s. 3(Sch. item 32.6(c)).

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Part 2—Calculating the amount secured by a mortgage