s 191
In forceExemption—change of trustee
Chapter 3Landholder duty and corporate trustee duty
Part 1Landholder duty
Division 5Exempt acquisitions
191 Exemption—change of trustee
Landholder duty is not imposed on a relevant acquisition for the sole purpose of giving effect to a change of a trustee if—
(a)
the acquisition is not part of an arrangement—
(i)
involving a change in the rights or interest of a beneficiary of the trust; or
(ii)
terminating the trust; and
(b)
the acquisition is not part of an arrangement to avoid the imposition of duty; and
(c)
transfer duty has been paid on all trust acquisitions for which transfer duty is imposed for the trust before the acquisition.
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