NSWIn ForceAct
Property Tax (First Home Buyer Choice) Act 2022
10Meaning of “approved trust”
Start here
Get a plain-English read of 10
Turn the raw legal text into a practical explanation grounded in Property Tax (First Home Buyer Choice) Act 2022.
10 Meaning of “approved trust”
10 Meaning of “approved trust”
(1) In this Act, a trust is an approved trust if—
(a) the trustee is an apparent purchaser of the land, or
(b) the trustee will hold the land for a person who—
(i) is under a legal disability, and
(ii) is under the guardianship of the trustee.
(2) In this section—
apparent purchaser means an apparent purchaser referred to in the Duties Act 1997, section 55.