56Property vested in apparent purchaser

56 Property vested in apparent purchaser (1) Duty under this chapter is not payable in relation to— (a) a declaration of trust made by an apparent purchaser in relation to identified dutiable property if the commissioner is satisfied— (i) that the property is vested in the apparent purchaser on trust for the real purchaser who provided the money for the purchase of the dutiable property; or (ii) that— (A) the property is to be vested in the apparent purchaser on trust for the real purchaser; and (B) the money for the purchase of the dutiable property has been or will be provided by the real purchaser; or (b) a transfer of dutiable property from an apparent purchaser to the real purchaser if the commissioner is satisfied that the dutiable property is vested in an apparent purchaser on trust for the real purchaser who provided the money for the purchase of the dutiable property.

purchase includes an allotment.