Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 227

227 Deduction—interstate transfer duty for shares

(1) This section applies if—

(a) interstate transfer duty is paid or payable for a transfer, or agreement for the transfer, of shares of a corporate trustee or relevant corporation for a corporate trustee; and

(b) the transfer or agreement is a relevant acquisition.

(2) Corporate trustee duty imposed on the relevant acquisition must be reduced by the amount of the interstate transfer duty.

(3) In this section—

"interstate transfer duty" means a duty in another State equivalent to transfer duty under this Act.