When transaction for particular Queensland business assets not dutiable transaction
37 When transaction for particular Queensland business assets not dutiable transaction
If a debt of a business that is evidenced by a negotiable instrument is the subject of a transaction, the transaction is not a dutiable transaction unless—
another type of dutiable property is the subject of the same transaction or, under section 30, it is aggregated with a dutiable transaction; or
under the transaction, the negotiable instrument is or is to be transferred with all, or substantially all, of the negotiable instruments of the business.
If a supply right of a business is the subject of a transaction, the transaction is not a dutiable transaction unless—
another type of dutiable property is the subject of the same transaction or, under section 30, it is aggregated with a dutiable transaction; or
under the transaction, the supply right is or is to be transferred with all, or substantially all, of the supply rights of the business.
If intellectual or personal property of a business is the subject of a transaction, the transaction is not a dutiable transaction unless, under section 30, it is aggregated with 1 or more of the following—
a dutiable transaction for a Queensland business asset, other than intellectual or personal property;
a dutiable transaction for land in Queensland.
For subsections (1)(a), (2)(a) and (3), section 30 applies as if the transaction were a dutiable transaction.
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