QLDIn ForceAct
Duties Act 2001
sec.80What is a majority trust acquisition
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### sec.80 What is a majority trust acquisition
A person who makes a trust acquisition in a land holding trust makes a majority trust acquisition if—
the person, or the person and related persons of the person (whether alone or jointly), acquire a trust interest in the trust of 50% or more; or
the person, or related persons of the person (whether alone or jointly), acquire a trust interest in the trust that, when aggregated with trust interests already held by the person and related persons of the person (whether alone or jointly), is 50% or more.
s 80 amd 2006 No. 34 s 5
- (a) the person, or the person and related persons of the person (whether alone or jointly), acquire a trust interest in the trust of 50% or more; or
- (b) the person, or related persons of the person (whether alone or jointly), acquire a trust interest in the trust that, when aggregated with trust interests already held by the person and related persons of the person (whether alone or jointly), is 50% or more.