Queensland Consolidated Acts

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LAND TAX ACT 2010 - SECT 24

Beneficiaries of discretionary trusts

24 Beneficiaries of discretionary trusts

(1) The beneficiaries of a discretionary trust when a liability for land tax arises are the persons in whose favour a power of appointment has been exercised during the 12 month period ending when the liability arises.
Note—
See also schedule 4 , definition beneficiary
(2) In this section—

"discretionary trust" means a trust over property for which a person has a power of appointment.



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