Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 49

49 Application of pt 8

(1) This part applies to all expressly or intentionally created trusts, regardless of how they are created.

(2) However, this part does not apply to a trust acquisition or trust surrender of a trust interest in a public unit trust other than a majority trust acquisition in a land holding trust.

Notes—

1 For subsection (2) , see division 7 (Public unit trusts), subdivisions 7 (Majority trust acquisitions in land holding trusts) and 8 (Indirect trust interests).

2 An acquisition of an interest in a listed unit trust that is a landholder may be dutiable under chapter 3 , part 1 (Landholder duty).