sec.150Exemption—particular chattels

### sec.150 Exemption—particular chattels Transfer duty is not imposed on a dutiable transaction that is the transfer, or agreement for the transfer, of any of the following chattels taken under a statutory licence, profit a prendre, sharefarming agreement or other similar arrangement if the condition in subsection (2) for the chattel is complied with— standing timber; gas, petroleum or mineral; gravel, rock, stone, sand, clay, earth or soil; primary produce; fish or livestock; water. For subsection (1) , the condition is— for a chattel mentioned in paragraphs (a) to (d) —it must be severed or released, and taken, from land in Queensland by the transferee; or for a chattel mentioned in paragraph (e) or (f) —it must be taken from land in Queensland by the transferee. (sec.150-ssec.1) Transfer duty is not imposed on a dutiable transaction that is the transfer, or agreement for the transfer, of any of the following chattels taken under a statutory licence, profit a prendre, sharefarming agreement or other similar arrangement if the condition in subsection (2) for the chattel is complied with— standing timber; gas, petroleum or mineral; gravel, rock, stone, sand, clay, earth or soil; primary produce; fish or livestock; water. (sec.150-ssec.2) For subsection (1) , the condition is— for a chattel mentioned in paragraphs (a) to (d) —it must be severed or released, and taken, from land in Queensland by the transferee; or for a chattel mentioned in paragraph (e) or (f) —it must be taken from land in Queensland by the transferee. - (a) standing timber; - (b) gas, petroleum or mineral; - (c) gravel, rock, stone, sand, clay, earth or soil; - (d) primary produce; - (e) fish or livestock; - (f) water. - (a) for a chattel mentioned in paragraphs (a) to (d) —it must be severed or released, and taken, from land in Queensland by the transferee; or - (b) for a chattel mentioned in paragraph (e) or (f) —it must be taken from land in Queensland by the transferee.