Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 60

(1)     Duty of $20 is chargeable in respect of an instrument that—

        (a)     amends, varies or replaces an instrument that establishes or governs a managed investment scheme;

        (b)     does not transfer, or have the effect of transferring, any dutiable property to a person who does not hold units in the scheme; and

        (c)     does not have the effect of reducing the number of persons who hold units in the scheme.

(2)     Duty of $20 is chargeable in respect of a declaration of trust—

        (a)     that is made by a trustee in respect of dutiable property that, immediately before the trust is declared, is held by the trustee as trustee of the responsible entity of a managed investment scheme; and

        (b)     that is made for the purpose of holding the dutiable property on trust for the responsible entity of the managed investment scheme.

Division 2—Superannuation