Duties Act 2001

A person makes a trust acquisition if the person acquires a trust interest in a trust that—

holds dutiable property; or

has an indirect interest in dutiable property.

Note—Under section 81, an indirect trust acquisition in a land holding trust is taken to be a trust acquisition. An indirect trust acquisition is the acquisition of an interest in a land holding trust through 1 or more corporations, partnerships or trusts, or a combination of any of them. See definitions indirect trust acquisition and indirect trust interest in the dictionary.