DUTIES ACT 2008 - SECT 62

DUTIES ACT 2008 - SECT 62

62 .         When trust acquisition or trust surrender is not dutiable transaction

        (1)         Duty is not chargeable on a trust acquisition or trust surrender if the trust acquisition or trust surrender is a result of —

            (a)         a person becoming or ceasing to be a member of a class of beneficiaries of the discretionary trust because of the birth or death of the person; or

            (b)         a person becoming or ceasing to be a member of a class of beneficiaries of the discretionary trust because of the marriage or divorce of the person, or the beginning or ending of a de facto relationship of the person.

        (2)         In subsection (1)(b) —

        de facto relationship means a de facto relationship that comes within the Family Court Act section 205Z(1)(a), (b) or (c).