New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 212

212 Where is property located?

(1) For the purposes of this Chapter, property in the following forms is taken to be located in the place specified--

(a) shares in or securities of a body corporate--

(i) in the case of a company within the meaning of the Corporations Act 2001 of the Commonwealth--in the place where the company is taken to be registered for the purposes of that Act, or

(ii) in any other case--in the place of incorporation of the body corporate,

(b) units in a unit trust scheme--

(i) in the place where the register on which the units are registered is kept, or

(ii) in the place of residence of the manager of the unit trust scheme, if the register on which the units are registered is not kept in Australia,

(c) debt securities of a Government of a State or Territory of the Commonwealth--in the State or Territory concerned.

(2) Subsection (1) (a) is declared to be a Corporations legislation displacement provision for the purposes of section 5G of the Corporations Act 2001 of the Commonwealth in relation to section 1070A (4) of that Act.