62BDeclaration of trust by custodian

#### 62B Declaration of trust by custodian 62B Declaration of trust by custodian > > (1) Duty of $750 is chargeable on a declaration of trust made by a custodian of the trustee of a self managed superannuation fund that dutiable property is or is to be held in trust for the trustee of the self managed superannuation fund if— > > > > > (a) the declaration of trust names the self managed superannuation fund, and > > > > > (b) ad valorem duty under this Chapter has been paid on the acquisition of the property by the custodian or the trustee of the fund or section 62A applied to that acquisition, and > > > > > (c) the Chief Commissioner is satisfied that the consideration for the acquisition of the dutiable property was or will be provided by the trustee of the self managed superannuation fund. > > > (2) This section applies whether or not there has been a change in the legal description of the dutiable property between the acquisition of the property by the custodian or trustee and the declaration of trust. > > > > Note. > > > > For example, if the dutiable property is land, this section continues to apply if there is a change in the legal description of the dutiable property as a consequence of the subdivision of the land. > > > (3) This section applies despite sections 55 and 65 (10). > > **s 62B:** Ins 2014 No 56, Sch 1 \[7\]. Am 2016 No 32, Sch 1 \[6\]; 2023 No 26, Sch 1\[4\].