Corporate reconstruction transaction
273C Corporate reconstruction transaction
For the purposes of this Part, a corporate reconstruction transaction means—
a transfer, or agreement for sale or transfer, of dutiable property between corporations that are members of the same corporate group, or
a surrender of an interest in land by a corporation to a corporation who is a member of the same corporate group, or
a vesting of dutiable property if the dutiable property was held, immediately before the vesting, and continues to be held, immediately after the vesting, by corporations who are members of the same corporate group, or
an acquisition of an interest in a landholder (within the meaning of Chapter 4) by a corporation if the interest is acquired from another corporation who is a member of the same corporate group, or
an application to register a motor vehicle as a result of a transfer of the vehicle between corporations who are members of the same corporate group.
This Act’s bill:Explanatory memorandumSecond reading speech
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