Victorian Current Acts

DUTIES ACT 2000 - SECT 89D

An acquisition by a person of an interest in a landholder is an exempt acquisition—

        (a)     if the means by which the person acquired the interest would have resulted in no ad valorem duty being payable under Chapter 2 had the subject of the acquisition been a transfer of the land of the landholder to the person; or

        (b)     if the interest was acquired in the person's capacity as—

              (i)     a receiver or trustee in bankruptcy; or

              (ii)     a liquidator; or

              (iii)     an executor or administrator of the estate of a deceased person; or

        (c)     if the interest was acquired solely as the result of the making of a compromise or arrangement with the landholder's creditors under Part 5.1 of the Corporations Act that has been approved by the court, not being a compromise or arrangement that the Commissioner is satisfied was made with the intention of defeating the operation of this Part; or

        (d)     if the interest concerned is acquired solely from a pro rata increase in the interests of all unit holders or shareholders.

S. 89E substituted by No. 38/2012 s. 5.