Exemption—particular duties for charitable institutions
414 Exemption—particular duties for charitable institutions
Duty is not imposed on the following—
a dutiable transaction under which a charitable institution acquires dutiable property;
a dutiable transaction that is—
the creation or termination of a trust of dutiable property for the benefit of a charitable institution; or
a trust acquisition or trust surrender by a charitable institution;
a premium for general insurance for property or undertaking of a charitable institution;
an application to register or transfer a vehicle in the name of a charitable institution.
Subsection (1) applies only if the use requirements under division 2 are complied with.
This Act’s bill:Explanatory memorandum
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