Western Australian Current Acts

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DUTIES ACT 2008 - SECT 153

153 .         References to interest in landholder or other entity

        (1)         A reference in this Chapter to an interest (other than a reference to an indirect interest) in a landholder or other entity is to an entitlement to the surplus property of the landholder or other entity if it were to be wound up.

        (2)         A reference in this Chapter to an interest in a landholder or other entity together with —

            (a)         a reference to a percentage; or

            (b)         a reference to a percentage determined by the Commissioner,

                is to an entitlement to receive that percentage, or the percentage so determined, of the surplus property of the landholder or other entity if it were to be wound up.

        (3)         This section has effect subject to sections 153A and 153B.

        [Section 153 amended: No. 12 of 2019 s. 61.]



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