Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies for imposing transfer duty on majority trust acquisitions.
(2) An indirect trust interest in a land holding trust being acquired by a person is taken to be a trust interest in the trust.
(3) Also, an indirect trust interest in a land holding trust already held by an acquirer or related person of the acquirer is taken to be a trust interest in the trust.
(4) For an indirect trust interest in a land holding trust taken to be a trust interest under subsection (2) or (3), the acquirer and any related persons of the acquirer are taken to be beneficiaries.
(5) An indirect trust acquisition is taken to be a trust acquisition in the land holding trust in which the indirect trust interest is acquired.