Western Australian Current Acts

DUTIES ACT 2008 - SECT 58

58 .         When person acquires interest in discretionary trust

                A person acquires an interest in a discretionary trust if the person —

            (a)         becomes a taker in default of the discretionary trust —

                  (i)         on creation of the discretionary trust; or

                  (ii)         otherwise, other than because of the surrender of another person’s interest in the discretionary trust for which duty has been paid or in respect of which duty was not chargeable;

                or

            (b)         is a taker in default of the discretionary trust whose interest increases, other than because of the surrender of another person’s interest in the discretionary trust for which duty has been paid or in respect of which duty was not chargeable.