Queensland Consolidated Acts

DUTIES ACT 2001 - SECT 35

(1) Each of the following is a business asset—

(a) goodwill;

(b) a statutory business licence used for carrying on a business;

(c) a right to use a statutory business licence used for carrying on a business;

(d) the business name used for carrying on a business;

(e) a right under a franchise arrangement used for carrying on a business;

(f) a debt of a business if the debtor resides in Queensland;

(g) a supply right of a business;

(h) intellectual property used for carrying on a business;

(i) personal property in Queensland of a business.

(2) For subsection (1)—

(a) a business asset mentioned in subsection (1)(b) that is issued or given under—

(i) a Queensland Act is used for carrying on a business; or

(ii) a Commonwealth Act is used for carrying on a business if it is used, exploited or exercised in Queensland; and

(b) another business asset is used for carrying on a business if it is used, exploited or exercised in Queensland.