Western Australian Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

DUTIES ACT 2008 (NO. 11 OF 2008) - SECT 162

162 .         Persons that are related

        (1)         For the purposes of sections 163 and  164 the following persons or entities are related persons —

            (a)         individuals who are spouses, or de facto partners, of each other;

            (b)         individuals between whom the relationship is that of parent and child;

            (c)         related corporations;

            (d)         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 is a potential beneficiary under a discretionary trust;

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

            (f)         an individual and a trustee if the individual is a beneficiary under the trust of which the trustee is a trustee, whether the person has a vested share or is contingently entitled or is a potential beneficiary under a discretionary trust;

            (g)         a corporation and a trustee if —

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

                  (ii)         a related corporation to the corporation 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 is a potential beneficiary under a discretionary trust;

            (h)         persons or entities that acquire interests in a landholder by virtue of acquisitions that together form or arise from substantially one transaction or one series of transactions;

                  (i)         persons or entities that acquire interests in a landholder by virtue of acquisitions that arise from those persons or entities acting in concert with each other.

        (2)         If the Commissioner is satisfied, in the case of a particular acquisition of an interest in an entity, that subsection (3) applies to persons, other than related corporations, that would otherwise be related persons under subsection (1), the Commissioner may determine that, despite that subsection, the persons are not related persons for the purposes of sections 163 and  164.

        (3)         This subsection applies to persons if —

            (a)         they are not acting in concert with each other in respect of the acquisition; and

            (b)         their interests in the entity —

                  (i)         were acquired independently and are, and will be, employed independently; and

                  (ii)         were not acquired for a common purpose and are not, and will not be, employed for a common purpose.

Subdivision 2 — Relevant acquisitions



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback