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REVENUE AND OTHER LEGISLATION AMENDMENT ACT 2016 - SECT 8
Amendment of s 404 (How part applies to particular transactions)
8 Amendment of s 404 (How part applies to particular transactions)
(1) Section 404(b) to (e)—
renumber as section 404(c) to (f).
(2) Section 404—
insert— (b) a vesting of dutiable property by, or expressly authorised by,
statute law is treated as a transfer of the property to the person in whom it
is vested from its owner immediately before the vesting takes place; and
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