s 83
In forcePerson’s indirect trust interest is proportionate to land holding trust’s dutiable property
Chapter 2Transfer duty
Part 8Dutiable transactions relating to trusts
Division 7Public unit trusts
Subdivision 8Indirect trust interests
83 Person’s indirect trust interest is proportionate to land holding trust’s dutiable property
A person’s indirect trust interest in a land holding trust is the proportion that the unencumbered value of the person’s entitlement in the land holding trust bears to the unencumbered value of dutiable property held by the land holding trust expressed as a percentage.
Note—Section 498 includes provision about references to dutiable property.
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