Application of pt 8

In force

(1)

This part applies to all expressly or intentionally created trusts, regardless of how they are created.

(2)

However, this part does not apply to a trust acquisition or trust surrender of a trust interest in a public unit trust other than a majority trust acquisition in a land holding trust.

Notes—

1 For subsection (2), see division 7 (Public unit trusts), subdivisions 7 (Majority trust acquisitions in land holding trusts) and 8 (Indirect trust interests).

2 An acquisition of an interest in a listed unit trust that is a landholder may be dutiable under chapter 3, part 1 (Landholder duty).

This Act’s bill:Explanatory memorandum

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49 Application of pt 8