10Dutiable property

10 Dutiable property (1) Dutiable property is any of the following: (a) land in the ACT; (b) a Crown lease; (c) a declared land sublease; (d) a land use entitlement; (e) a commercial lease with premium; (f) an interest in a partnership that holds dutiable property mentioned elsewhere in this section (a partnership interest); (g) goods in the ACT, if the subject of an arrangement that includes a dutiable transaction over any dutiable property (other than intellectual property) elsewhere mentioned in this section, not including the following: (i) goods that are stock-in-trade; (ii) material held for use in manufacture; (iii) goods under manufacture; (iv) goods held or used in connection with land used for primary production; (v) livestock; (vi) a registered motor vehicle; (vii) a ship or vessel; (h) an option to purchase land in the ACT or a Crown lease or declared land sublease over land in the ACT;

(i) an interest in any dutiable property mentioned in paragraphs (a) to (h), except to the extent that— (i) it is, or is attributable to, an option over dutiable property; or (ii) it is an interest under a commercial lease or a sublease of a commercial lease, other than a commercial lease with premium. holds—a partnership holds dutiable property if (but not only if)— (a) the partners hold the property for the partnership; or (b) the partnership has an indirect interest in the property. indirect interest—a partnership has an indirect interest in dutiable property if— (a) through a partnership interest or trust interest there is a connection between the partnership and dutiable property of the other partnership or trust; or (b) through a series of partnership interests or trust interests, or a combination of any of them, there is a connection between the partnership and dutiable property of a partnership in the series. intellectual property means–– (a) a business name, trading name, trade mark, industrial design, patent, registered design or copyright; or (b) a right to use or exploit— (i) a business name, trading name, trade mark or industrial design; or (ii) a thing, system or process that is the subject of a patent, registered design or copyright (or an adaptation or modification of such a thing, system or process).