89DExemptions

89D Exemptions An acquisition by a person of an interest in a landholder is an exempt acquisition— (a) if the means by which the person acquired the interest would have resulted in no ad valorem duty being payable under Chapter 2 had the subject of the acquisition been a transfer of the land of the landholder to the person; or (b) if the interest was acquired in the person's capacity as— (i) a receiver or trustee in bankruptcy; or (ii) a liquidator; or (iii) an executor or administrator of the estate of a deceased person; or (c) if the interest was acquired solely as the result of the making of a compromise or arrangement with the landholder's creditors under Part 5.1 of the Corporations Act that has been approved by the court, not being a compromise or arrangement that the Commissioner is satisfied was made with the intention of defeating the operation of this Part; or (d) if the interest concerned is acquired solely from a pro rata increase in the interests of all unit holders or shareholders. S. 89E substituted by No. 38/2012 s. 5.