Victorian Numbered Acts

STATE TAXATION ACTS AMENDMENT ACT 2018 (NO. 22 OF 2018) - SECT 4

    (1)     In the heading to section 3B of the Duties Act 2000 , after " trust estate " insert " for the purposes of the definition of foreign trust ".

    (2)     In section 3B(1) of the Duties Act 2000 —

        (a)     after "the trust estate" insert "of a trust";

        (b)     in paragraph (a) omit "foreign".

    (3)     In section 3B(2) of the Duties Act 2000 omit "foreign" (where twice occurring).

    (4)     For section 3B(3) of the Duties Act 2000 substitute —

    "(3)     Subsection (1) applies whether or not the person has the substantial interest—

        (a)     alone; or

        (b)     together with—

              (i)     an associated person; or

              (ii)     a foreign natural person, foreign corporation or trustee of a foreign trust.".