sec.194AExemption—marketable securities

### sec.194A Exemption—marketable securities Landholder duty is not imposed on a relevant acquisition that is a transfer, or agreement for the transfer, of a marketable security to or from a corporation if— the corporation is— a financial institution; or a trustee company under the Trustee Companies Act 1968 ; or a related body corporate of the corporation; or a corporation of a class prescribed under a regulation; and the corporation’s principal business is to hold property as trustee or nominee for another person; and whichever of the following is relevant applies— for a transfer to the corporation— the property is to be held on trust solely for the transferor; and the transfer is not part of an arrangement under which the security will be held on trust for another person; for a transfer from the corporation—the transfer is a retransfer to the owner in the same capacity as the security was previously held by the owner. s 194A ins 2006 No. 44 s 42 amd 2011 No. 20 s 111 - (a) the corporation is— (i) a financial institution; or (ii) a trustee company under the Trustee Companies Act 1968 ; or (iii) a related body corporate of the corporation; or (iv) a corporation of a class prescribed under a regulation; and - (i) a financial institution; or - (ii) a trustee company under the Trustee Companies Act 1968 ; or - (iii) a related body corporate of the corporation; or - (iv) a corporation of a class prescribed under a regulation; and - (b) the corporation’s principal business is to hold property as trustee or nominee for another person; and - (c) whichever of the following is relevant applies— (i) for a transfer to the corporation— (A) the property is to be held on trust solely for the transferor; and (B) the transfer is not part of an arrangement under which the security will be held on trust for another person; (ii) for a transfer from the corporation—the transfer is a retransfer to the owner in the same capacity as the security was previously held by the owner. - (i) for a transfer to the corporation— (A) the property is to be held on trust solely for the transferor; and (B) the transfer is not part of an arrangement under which the security will be held on trust for another person; - (A) the property is to be held on trust solely for the transferor; and - (B) the transfer is not part of an arrangement under which the security will be held on trust for another person; - (ii) for a transfer from the corporation—the transfer is a retransfer to the owner in the same capacity as the security was previously held by the owner. - (i) a financial institution; or - (ii) a trustee company under the Trustee Companies Act 1968 ; or - (iii) a related body corporate of the corporation; or - (iv) a corporation of a class prescribed under a regulation; and - (i) for a transfer to the corporation— (A) the property is to be held on trust solely for the transferor; and (B) the transfer is not part of an arrangement under which the security will be held on trust for another person; - (A) the property is to be held on trust solely for the transferor; and - (B) the transfer is not part of an arrangement under which the security will be held on trust for another person; - (ii) for a transfer from the corporation—the transfer is a retransfer to the owner in the same capacity as the security was previously held by the owner. - (A) the property is to be held on trust solely for the transferor; and - (B) the transfer is not part of an arrangement under which the security will be held on trust for another person;