Australian Capital Territory Numbered Acts

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DUTIES AMENDMENT ACT 2009 (NO 2) (NO. 45 OF 2009) - SECT 15

Exempt transactions relating to certain personal relationships
New section 115H (2A)

insert

    (2A)     No duty is chargeable on a chapter 3 transaction made under a part VIIIAB financial agreement made under the Family Law Act 1975 (Cwlth), section 90UB, section 90UC or section 90UD that is binding on the parties under that Act, if—

        (a)     the commissioner is satisfied that the transaction is consequent on the end of the de facto relationship between the parties; and

        (b)     the property that is the subject of the transaction is relationship property; and

        (c)     the parties to the transaction are—

              (i)     the parties to the relationship, or either of them; or

              (ii)     a child or children of either of them, or a trustee for the child or children.



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