Australian Capital Territory Current Acts

DUTIES ACT 1999 - SECT 115HD

The commissioner must exempt a chapter 3 transaction from duty if satisfied that—

        (a)     the parties to the transaction are—

              (i)     the responsible entity of a managed investment scheme; and

              (ii)     a custodian or agent of the responsible entity acting as custodian or agent of the scheme; and

        (b)     the beneficial owner of the chapter 3 property, transferred as part of the transaction, has not changed because of the transaction.