64DLand transferred to individual with beneficial interest

64D Land transferred to individual with beneficial interest transferred to financial institution (a) a person transfers land in the ACT to the individual (the first transfer); and (b) at the time of the first transfer— (i) the individual declares a trust in favour of the financial institution in relation to the individual’s beneficial interest in the land; and (ii) the financial institution leases the beneficial interest to the individual for a fixed period; and (c) at the end of the fixed period or another period agreed by the individual and the financial institution, the beneficial interest is transferred to the individual (the second transfer).

Alternative finance transactions Division 2.5.2A (2) Duty under this chapter is not payable in relation to— (a) the declaration of trust; or (b) the second transfer.