21Meaning of group property in section 20

21 Meaning of group property in section 20 For the purposes of section 20, property that is conveyed or transferred is group property if: (a) the conveyor and conveyee, or the transferor and transferee, were group corporations in the same corporate group before, and at all times since, the property was first wholly owned by a group corporation in the same corporate group (which may have been the conveyor or transferor or another group corporation); or (b) the conveyor and conveyee or the transferor and transferee: (i) were group corporations in the same corporate group before the property came into the ownership of the conveyor or transferor or another group corporation in the same corporate group by way of a transaction for which duty, or an equivalent duty under a law of a State or another Territory of the Commonwealth that corresponds with this Act, has been paid; and (ii) have been group corporations in the same corporate group at all times since the property has been continuously owned by the conveyor or transferor or the other group corporation; or (c) the conveyor and conveyee or transferor and transferee are interposed corporation and target corporation (within the meaning of section 19); or (d) the conveyee or transferee is the parent corporation of the conveyor or transferor and duty under Division 8A has been paid for by the conveyee or transferee acquiring its shares in the conveyor or transferor; or (e) the conveyor and conveyee, or the transferor and transferee, have been group corporations in the same corporate group for at least 3 years; or

Stamp Duty Act 1978 28 (f) the conveyance or transfer is between 2 corporations of which one is the parent corporation and the other its subsidiary and both of the following conditions apply: (i) that the corporation that is the parent corporation became the parent corporation of the subsidiary either: (A) on the subsidiary's registration; or (B) after the subsidiary's registration and, if so, the subsidiary has been dormant since that registration; (ii) that the parent corporation has remained the parent corporation of the subsidiary since the subsidiary's registration or becoming the parent corporation of the subsidiary until the conveyance or transfer of the