Victorian Current Acts

DUTIES ACT 2000 - SECT 38

S. 38(1) repealed by No. 71/2004 s. 14.

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    (2)     No duty is chargeable under section 37 in respect of a declaration of trust if—

S. 38(2)(a) amended by No. 58/2003 s. 10.

        (a)     the Commissioner is satisfied that the declaration of trust has been made because of the breakdown of a marriage or domestic relationship; and

S. 38(2)(b) amended by No. 58/2003 s. 10.

        (b)     the settlor is or was a party to the marriage or domestic relationship; and

S. 38(2)(c) amended by No. 58/2003 s. 10.

        (c)     no person other than a party to the marriage or domestic relationship or a child of a party to the marriage or domestic relationship is a beneficiary of the trust.

    (3)     No duty is chargeable under section 37 in respect of a declaration of trust over property to be held on trust solely for—

        (a)     a religious, charitable or educational purpose; or

        (b)     a corporation or body of persons established for a religious, charitable or educational purpose.

S. 38A inserted by No. 31/2008 s. 8.