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STAMP ACT 1921 - SECT 7

7 .         Persons who are “related” for the purposes of this Part

        (1)         For the purposes of sections 6(1)(c), 14(a) and 17BA(3), persons are related if they are —

            (a)         joint owners of property;

            (b)         individuals who are in partnership with each other;

            (c)         participants in the same joint venture;

            (d)         family members;

            (e)         related corporations;

            (f)         a trustee and another trustee if there is any beneficiary common to the trusts of which they are trustees, whether the beneficiary has a vested share or is contingently entitled or may benefit from a discretionary trust;

            (g)         an individual and a corporation, if the individual is a majority shareholder, director or secretary of the corporation or a related corporation;

            (h)         an individual and a trustee, if the individual is a beneficiary under the trust of which the trustee is a trustee, whether the beneficiary has a vested share or is contingently entitled or may benefit from a discretionary trust;

                  (i)         a corporation and a trustee, if —

                  (i)         the corporation, or a majority shareholder, director or secretary of the corporation, is a beneficiary of the trust of which the trustee is a trustee; or

                  (ii)         a related corporation to the corporation is a beneficiary of the trust of which the trustee is a trustee,

                whether (in either case) the beneficiary has a vested share or is contingently entitled or may benefit from a discretionary trust.

        (2)         For the purposes of subsection (1) —

            (a)         an illegitimate person shall be treated as the legitimate child of that person’s parents;

            (b)         it is irrelevant whether a relationship is of the whole or half-blood, or whether it is a natural relationship or a relationship established by a written law; and

            (c)         a majority shareholder in relation to a corporation is a person who would have a substantial holding in the corporation under the definition of “substantial holding” in section 9 of the Corporations Act even if the reference in that definition to 5% were a reference to 50%.

        (3)         For the purposes of subsection (1)(d), 2 persons are family members if, in relation to one person, the other person is —

            (a)         a child or remoter lineal descendant of the person;

            (b)         a parent or remoter lineal ancestor of the person;

            (c)         a brother or sister of the person or remoter lineal descendant of a brother or sister of the person;

            (d)         an aunt or uncle of the person;

            (e)         the spouse, former spouse, de facto partner or former de facto partner of the person;

            (f)         a family member referred to in paragraph (a), (b), (c) or (d) of a person referred to in paragraph (e); or

            (g)         the spouse or de facto partner of a person referred to in paragraph (a), (b), (c) or (d).

        [Section 7 inserted by No. 12 of 2004 s. 15; amended by No. 11 of 2005 s. 6.]



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