115HD
In forceExemption—transactions in relation to managed investment schemes
Chapter 3Certain transactions treated as transfers
Part 3.6Voluntary transfers under Financial Sector (Transfer and Restructure) Act 1999 (Cwlth)
Division 3.7.1Exemptions—ch 3 transactions generally
115HD Exemption—transactions in relation to managed investment schemes
The commissioner must exempt a chapter 3 transaction from duty if satisfied that—
(a)
the parties to the transaction are—
(i)
the responsible entity of a managed investment scheme; and
(ii)
a custodian or agent of the responsible entity acting as custodian or agent of the scheme; and
(b)
the beneficial owner of the chapter 3 property, transferred as part of the transaction, has not changed because of the transaction.
This Act’s bill:Explanatory statementSecond reading speech
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