Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 55

55 What is a trust acquisition

A person makes a
"trust acquisition" if the person acquires a trust interest in a trust that—

(a) holds dutiable property; or

(b) has an indirect interest in dutiable property.

Note—

Under section 81 , an indirect trust acquisition in a land holding trust is taken to be a trust acquisition. An indirect trust acquisition is the acquisition of an interest in a land holding trust through 1 or more corporations, partnerships or trusts, or a combination of any of them. See definitions
"indirect trust acquisition" and
"indirect trust interest" in the dictionary.