Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 67

67 Parties to trust acquisition and trust surrender

(1) For a trust acquisition, the beneficiary acquiring the trust interest is the party to the dutiable transaction.

(2) For a trust surrender, the trustee and the beneficiary whose trust interest is surrendered are the parties to the dutiable transaction.

Note—

Under section 17 , the parties to a dutiable transaction are liable to pay transfer duty imposed on the transaction.