69
In forceWhat is a listed unit trust
Chapter 2Transfer duty
Part 8Dutiable transactions relating to trusts
Division 7Public unit trusts
Subdivision 2Basic concepts about listed unit trusts
69 What is a listed unit trust
A listed unit trust is a unit trust the units in which are quoted on the market operated by a recognised stock exchange.
Notes—
1 Section 498A includes provision about when the quotation of securities is suspended.
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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