New South Wales Consolidated Acts
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DUTIES ACT 1997 - SECT 104ZL
Change in trustees
104ZL Change in trustees
(1) This section applies to a surcharge duty transaction if--
transaction is a transfer of residential-related property to a person as a
consequence of the retirement of a trustee or the appointment of a new
(b) as a consequence of section 54 (3), the transfer is
chargeable with the same duty under Chapter 2 as a transfer to a beneficiary
under and in conformity with the trusts subject to which the property is held.
(2) Surcharge purchaser duty is chargeable on the surcharge duty transaction
if ad valorem duty is chargeable on the transaction as a dutiable transaction.
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