Duties Act 2001

Transfer duty is not imposed on a dutiable transaction for the sole purpose of giving effect to a change of a trustee if—

the transaction is not part of an arrangement—

involving a change in the rights or interest of a beneficiary of the trust; or

terminating the trust; and

transfer duty has been paid on all trust acquisitions or trust surrenders for which transfer duty is imposed for the trust before the transaction.

Also, transfer duty is not imposed on a dutiable transaction for the sole purpose of giving effect to a change of a trustee if—

the transaction is part of an arrangement involving a change in the rights or interest of a beneficiary of the trust; and

transfer duty has been paid on all trust acquisitions or trust surrenders—

of trust interests in the trust made under the arrangement; and

for which transfer duty is imposed; and

transfer duty has been paid on all trust acquisitions or trust surrenders for which transfer duty is imposed for the trust before the transaction; and

the change of trustee is not part of an arrangement to avoid the imposition of duty.