Declaration of trust relating to managed investment scheme
Conveyance duty is not imposed in respect of a declaration of trust:
- that is made by a trustee in respect of dutiable property that, immediately before the trust is declared is held by the trustee as trustee of a responsible entity of a managed investment scheme, and
- that is made for the purpose of holding the property on trust for the responsible entity of a managed investment scheme.
Does the trustee hold dutiable property in the ACT, as trustee of a responsible entity of a managed investment scheme?