Western Australian Current Acts

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DUTIES ACT 2008 - SECT 67

67 .         Share disposition taken to be agreement for transfer of trust property

        (1)         A disposition of a share in a corporate trustee is taken to be an agreement for the transfer of dutiable property and is liable to duty accordingly if it is a transaction, or part of a transaction, that is a scheme or arrangement, or part of a scheme or arrangement, that results, or will or may result, in a change in any beneficial interest, whether vested or contingent, in dutiable property held directly or indirectly by the corporate trustee of a discretionary trust.

        (2)         Subsection (1) does not apply to the disposition of a share by which the personal representative of a deceased person disposes of a share to a beneficiary in the administration of the estate of the deceased.

        [Section 67 amended: No. 12 of 2019 s. 23.]



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