sec.128Exemption—community purpose associations

### sec.128 Exemption—community purpose associations Transfer duty is not imposed on a dutiable transaction that is the creation of a trust of dutiable property or a trust acquisition for which details of the trust are required to be registered under the Land Title Act 1994 if— the association of persons for which the property is held on trust is formed for providing recreation or amusement, promoting religion, charity, patriotism or the arts or achieving another object that, in the commissioner’s opinion, is useful to the community; and the association’s constitution provides for the application of its funds to its objects and prohibits the distribution of any part of its funds or profits to its members. - (a) the association of persons for which the property is held on trust is formed for providing recreation or amusement, promoting religion, charity, patriotism or the arts or achieving another object that, in the commissioner’s opinion, is useful to the community; and - (b) the association’s constitution provides for the application of its funds to its objects and prohibits the distribution of any part of its funds or profits to its members.