Revenue Legislation Amendment Bill 2002 (Qld)

Queensland

REVENUE LEGISLATION AMENDMENT BILL 2002

Queensland

REVENUE LEGISLATION AMENDMENT BILL 2002

TABLE OF PROVISIONS Section Page PART 1—PRELIMINARY 1 Short title... eee eee ene 6 2 Commencement... 0.6... eee 6 PART 2—AMENDMENT OF DUTIES ACT 2001 3 Act amended in pt 2 and schedule. .... 2.2... eee eee 6 4 Insertion of news TA 2... eee 6 7A Declaration of excluded matter for Corporations Act ............ 7 5 Amendment of s 9 (What is a "dutiable transaction")................-. 7 6 Amendment of s 23 (When credit to be allowed for lease duty paid). ..... 7 7 Amendment of s 24 (Rates of transfer duty)................00000000. 8 8 Replacement of s 25 (Payment of transfer duty for deeds of grant)....... 8 25 Payment of transfer duty for deeds of grant and particular freeholding leases ..... 2.0.6... 8 9 Amendment of s 46 (What is the value of a partnership acquisition—general) 8 10 Amendment of s 61 (Who is a "related person") ...............00000. 9 11 Insertion of news 81A ... 6... eee eee 9 81A Particular trust interests disregarded for majority trust acquisitions . 9 12 Amendment of s 93 (Concession for transfer duty—mixed and multiple claims for homes and first homes for individuals) ................2--- 10 13 Omission of s 122 (Exemption—mortgage-backed securities)........... 10 14 Insertion of new ch 2, pt 13, divs 3B and 3C ..... 2... eee eee 10

Division 3B—Exemptions for asset-backed securities Subdivision 1—Some basic concepts for asset-backed securities

130C What is an "asset-backed security" .................0 000 eee 10 Revenue Legislation Amendment Bill 2002 17232527 29

130D Who isa "financier"... 2... eee eee 130E What is a "financial asset"... eee eee 130F What is a "pool of financial assets"..... 2.2... eee eee ee eee 130G What is an "authorised investment"...................0000008 Subdivision 2—Exemptions