Queensland Consolidated Acts Queensland Consolidated Acts(1) For chapters 2 and 3, a reference to property in Queensland or dutiable property includes shares in a landholder if, the holder of the shares and all related persons of the holder were to newly acquire the shares in the landholder, a relevant acquisition under the chapter would have been made.
Editor's note—
See section 164 (Who is a related person).
(2) If it is necessary to determine the unencumbered value of the shares for imposing duty, the value is taken to be the amount worked out by applying the interests of the shareholder and related persons, or the total of their interests, in the landholder to the unencumbered value of all the landholder's Queensland land-holdings.
(3) For chapters 2 and 3, a reference to property in Queensland or dutiable property includes shares in a corporate trustee or relevant corporation for a corporate trustee.
(4) If it is necessary to determine the unencumbered value of the shares for imposing duty, the value is taken to be the dutiable value under section 222 had they been acquired.
(5) This section applies despite any provision of chapter 2 or 3.