New South Wales Consolidated Acts
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]
DUTIES ACT 1997 - SECT 62
Transfers between trustees and custodians of superannuation funds or trusts
62 Transfers between trustees and custodians of superannuation funds or trusts
(1) This section applies to the following dutiable transactions-- (a) a
transfer of, or an agreement to transfer, dutiable property from a trustee
of-- (i) a complying superannuation fund, or
(ii) a pooled superannuation
trust, or
(iii) a fund or trust that, in the opinion of the trustees, will be
a complying superannuation fund or a pooled superannuation trust within 12
months after the transfer takes effect,
to a custodian of the trustee of the
fund or trust, where there is no change in the beneficial ownership of the
property,
(b) a transfer of, or an agreement to transfer, dutiable property
from a custodian of a trustee of-- (i) a complying superannuation fund, or
(ii) a pooled superannuation trust, or
(iii) a fund or trust that, in the
opinion of the trustees, will be a complying superannuation fund or a pooled
superannuation trust within 12 months after the transfer takes effect,
to a
trustee of the fund or trust, where there is no change in the
beneficial ownership of the property,
(c) a transfer of, or an agreement to
transfer, dutiable property from a custodian of a trustee of-- (i) a
complying superannuation fund, or
(ii) a pooled superannuation trust, or
(iii) a fund or trust that, in the opinion of the trustees, will be a
complying superannuation fund or a pooled superannuation trust within 12
months after the transfer takes effect,
to another custodian of the trustee of
the fund or trust, where there is no change in the beneficial ownership of the
property.
(3) The duty chargeable on a dutiable transaction to which this
section applies is-- (a) except as provided by paragraph (b), ad valorem duty
in accordance with this Chapter or $750, whichever is the lesser, or
(b) if
the dutiable property transferred, or agreed to be transferred, is marketable
securities, $10.
(4) In this section,
"complying superannuation fund" includes a complying approved deposit fund and
an eligible rollover fund.
AustLII: Copyright Policy
| Disclaimers
| Privacy Policy
| Feedback