sec.126Exemption—transactions for trust created for person under legal disability

### sec.126 Exemption—transactions for trust created for person under legal disability Transfer duty is not imposed on a dutiable transaction that is— the transfer, or agreement for the transfer, of dutiable property from the trustee of a trust created under the Public Trustee Act 1978 , section 59 , to the beneficiary of the trust; or the surrender of a trust interest of the beneficiary as a result of the transfer or agreement for the transfer. - (a) the transfer, or agreement for the transfer, of dutiable property from the trustee of a trust created under the Public Trustee Act 1978 , section 59 , to the beneficiary of the trust; or - (b) the surrender of a trust interest of the beneficiary as a result of the transfer or agreement for the transfer.