271Registration of transfer of units

271 Registration of transfer of units (1) The trustee or manager of a unit trust scheme must not enter in its records a transfer of units on which duty is charged under this Act unless— (a) a proper instrument of transfer has been delivered to the trustee or manager; and (b) the instrument is duly stamped. s. 271(1) inserted by No. 13/2013 s. 56(3). (2) For the purposes of this section, the trustee or manager of a unit trust scheme is entitled to assume that an instrument is duly stamped if— (a) it bears any of the following— (i) an impressed stamp; (ii) an adhesive stamp; (iii) an endorsement under section 265; (iv) an endorsement in accordance with an approval under section 39 of the **Taxation Administration Act 1997**; (v) an exempt stamp; or (b) it is accompanied by a current exemption certificate. S. 271(3) amended by No. 44/2001 s. 3(Sch. item 32.7). (3) A reference in this section to the trustee or manager of a unit trust scheme includes a reference to the responsible entity, or to a custodian or agent of the responsible entity, of a managed investment scheme that is not registered under Chapter 5C of the Corporations Act.