Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 431A

431A Exemption—Queensland Treasury Corporation and its affiliates

(1) This section applies to a financial arrangement, or other arrangement, entered into or made by the Queensland Treasury Corporation or an affiliate of the corporation.

(2) Subject to the conditions in subsection (3) , duty is not imposed on an instrument or transaction that gives effect to, or is a part of, the arrangement.

(3) The conditions are—

(a) the corporation or affiliate must be a party to the instrument or transaction or another instrument or transaction that gives effect to, or is part of, the arrangement; and

(b) the Treasurer must certify the arrangement has as its objective—

(i) the advancement of the State’s financial interests; or

(ii) the development of the State or a part of the State; or

(iii) the benefit of persons, or a class of person, resident in or having or likely to have an association with the State.

(4) In this section—

"affiliate" , of the Queensland Treasury Corporation, means an affiliate of the corporation under the Queensland Treasury Corporation Act 1988 .

"financial arrangement" means a financial arrangement under the Queensland Treasury Corporation Act 1988 .

"Queensland Treasury Corporation" means the Queensland Treasury Corporation constituted under the Queensland Treasury Corporation Act 1988 .