Queensland Consolidated Acts Queensland Consolidated ActsTransfer duty is not imposed on a dutiable transaction that is—
(a) the transfer, or agreement for the transfer, of dutiable property from the trustee of a trust created under the Public Trustee Act 1978, section 59, to the beneficiary of the trust; or
(b) the surrender of a trust interest of the beneficiary as a result of the transfer or agreement for the transfer.