Western Australian Numbered Acts Western Australian Numbered Acts (1) If —
(a)
after a transaction is duty endorsed under section 122; and
(b)
while the dutiable property referred to in that section, or part of it, is
still held in the superannuation fund,
an event takes place
the effect of which is that a restriction described in
section 122(1)(b)(i) or (ii) or (c) that applied to the
superannuation fund when liability to duty on the transaction arose ceases to
apply, the event is taken to be a transfer of that dutiable property and is
liable to duty accordingly.
(2) Not later than
2 months after the day on which an event referred to in
subsection (1) takes place the trustee of the superannuation fund is to
lodge a transfer duty statement for the event.
Penalty: a fine of $20 000.
(3) The person liable
to pay the duty is the trustee of the superannuation fund.