sec.126AExemption—special disability trusts

### sec.126A Exemption—special disability trusts Transfer duty is not imposed on a dutiable transaction that is— the transfer, or agreement for the transfer, of an eligible home to the trustee of a special disability trust; or the creation of a special disability trust holding dutiable property, to the extent the dutiable property is an eligible home; or a trust acquisition in a special disability trust, to the extent the trust interest acquired relates to an eligible home. In this section— eligible home , in relation to a special disability trust, means residential land that is being, or will be, used as the principal place of residence by the beneficiary of the trust. special disability trust means a special disability trust under— the Social Security Act 1991 (Cwlth) , section 1209L ; or the Veterans’ Entitlements Act 1986 (Cwlth) , section 52ZZZW . s 126A ins 2011 No. 8 s 32 (sec.126A-ssec.1) Transfer duty is not imposed on a dutiable transaction that is— the transfer, or agreement for the transfer, of an eligible home to the trustee of a special disability trust; or the creation of a special disability trust holding dutiable property, to the extent the dutiable property is an eligible home; or a trust acquisition in a special disability trust, to the extent the trust interest acquired relates to an eligible home. (sec.126A-ssec.2) In this section— eligible home , in relation to a special disability trust, means residential land that is being, or will be, used as the principal place of residence by the beneficiary of the trust. special disability trust means a special disability trust under— the Social Security Act 1991 (Cwlth) , section 1209L ; or the Veterans’ Entitlements Act 1986 (Cwlth) , section 52ZZZW . - (a) the transfer, or agreement for the transfer, of an eligible home to the trustee of a special disability trust; or - (b) the creation of a special disability trust holding dutiable property, to the extent the dutiable property is an eligible home; or - (c) a trust acquisition in a special disability trust, to the extent the trust interest acquired relates to an eligible home. - (a) the Social Security Act 1991 (Cwlth) , section 1209L ; or - (b) the Veterans’ Entitlements Act 1986 (Cwlth) , section 52ZZZW .