Duties Act 2000

On application by the trustee of a unit trust scheme, the Commissioner may register the unit trust scheme as a declared public unit trust scheme if the Commissioner is satisfied that the scheme meets the criteria for registration as a declared public unit trust scheme.

The criteria for registration as a declared public unit trust scheme are—

the scheme should be registered as a declared public unit trust scheme; and

registration is not being sought for the purpose of, or as part of a scheme or arrangement with a collateral purpose of, avoiding or reducing duty otherwise chargeable under this Part.

The Commissioner may impose any conditions he or she considers appropriate on the registration of a unit trust scheme as a declared public unit trust scheme.