Western Australian Numbered Acts Western Australian Numbered Acts (1) The dutiable value
of a transaction referred to in section 67 is the proportion of the
dutiable value of the dutiable property held, directly or indirectly, by the
corporate trustee at the time of the share disposition that is equivalent to
the proportion of the total issued capital of the corporate trustee
represented by the share.
(2) The dutiable value
of the dutiable property held indirectly by a corporate trustee is an amount
determined by applying section 157 as if a reference in that
section —
(a) to
land were a reference to dutiable property; and
(b) to
the main entity were a reference to the corporate trustee.
(3) In determining the
proportion of the total issued capital of a corporate trustee represented by a
share for the purposes of subsection (1), the respective rights and
obligations pertaining to the share and the other shares in the capital of the
corporate trustee are to be taken into account.