Victorian Numbered Acts Victorian Numbered Acts(1) In section 76(1) of the Duties Act 2000 omit "or otherwise".
(2) After section 77(2) of the Duties Act 2000 insert —
"(2A) In addition to sub-section (1), a person who holds an interest in a land rich landholder acquires an interest in the landholder if the capacity in which the person holds the interest changes.
(2B) Without limiting sub-section (2A), a person who has a beneficial interest in a land rich landholder and who declares a trust over that interest is taken, by that declaration of trust, to have acquired an interest in the landholder.
(2C) For the purposes of section 79, an acquisition of an interest referred to in sub-section (2A) or (2B) is to be treated as a separate acquisition from existing interests held by the acquirer or any other acquisition of an interest in a land rich landholder unless those acquisitions are made on behalf of the same person or associated persons.".
(3) In section 79(1)(a)(iii) of the Duties Act 2000 , after "acquired by the person" insert "as set out in sub-paragraph (ii)".
(4) After section 79(3) of the Duties Act 2000 insert —
"(3A) For the purposes of this Part, persons in their capacity as qualifying investors of a wholesale unit trust scheme are taken not to be associated persons of other qualifying investors in relation to the scheme.".
(5) in section 79(6) of the Duties Act 2000 , for "outcome or decisions" substitute "outcome of decisions".
(6) In section 83(2)(a) of the Duties Act 2000 , after "section 79(1)(a)" insert "and (b)".