QLDIn ForceAct
Duties Act 2001
sec.67Parties to trust acquisition and trust surrender
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### sec.67 Parties to trust acquisition and trust surrender
For a trust acquisition, the beneficiary acquiring the trust interest is the party to the dutiable transaction.
For a trust surrender, the trustee and the beneficiary whose trust interest is surrendered are the parties to the dutiable transaction.
Under section 17 , the parties to a dutiable transaction are liable to pay transfer duty imposed on the transaction.
(sec.67-ssec.1) For a trust acquisition, the beneficiary acquiring the trust interest is the party to the dutiable transaction.
(sec.67-ssec.2) For a trust surrender, the trustee and the beneficiary whose trust interest is surrendered are the parties to the dutiable transaction. Under section 17 , the parties to a dutiable transaction are liable to pay transfer duty imposed on the transaction.