Victorian Numbered Acts

STATE TAXATION ACTS (GENERAL AMENDMENT) ACT 2005 (NO 36 OF 2005) - SECT 14

After section 89P of the Duties Act 2000 insert —

        "89PA.     Registration of declared wholesale unit trust schemes

    (1)     On application by the trustee of a unit trust scheme, the Commissioner may register the unit trust scheme as a declared wholesale unit trust scheme if the Commissioner is satisfied that the scheme meets the criteria for registration as a declared wholesale unit trust scheme.

    (2)     The criteria for registration as a declared wholesale unit trust scheme are—

        (a)     the scheme should be registered as a declared wholesale unit trust scheme; and

        (b)     registration is not being sought for the purpose of, or as part of a scheme or arrangement with a collateral purpose of, avoiding or reducing duty otherwise chargeable under this Part.".