Victorian Numbered Acts

STATE TAXATION ACTS AMENDMENT ACT 2007 (NO. 33 OF 2007) - SECT 5

    (1)     After section 77(2) of the Duties Act 2000 insert —

    "(2AA)     Without limiting subsection (1), a person is taken to obtain an interest beneficially if the person obtains the interest as trustee of a trust.

    (2AB)     A trustee who holds or acquires an interest in a land rich landholder is to be treated as a separate person in respect of each trust of which the trustee is a trustee and the personal capacity of the trustee, if any.".

    (2)     Section 77(2B) of the Duties Act 2000 is repealed .

    (3)     In section 77(2C) of the Duties Act 2000 —

        (a)     for "For the purposes of section 79, an acquisition" substitute "An acquisition";

        (b)     for "subsection (2A) or (2B)" substitute "subsection (2A)".