Duties Ruling - Landholder Duty - Entitlement

An acquisition of an interest in an entity that is a landholder is subject to landholder duty under Chapter 3 of the Duties Act 2008 (‘Duties Act’) if it is a relevant acquisition.

This ruling

• outlines the Commissioner’s interpretation of the word ‘entitlement’ for the purposes of section 153 of the Duties Act and
• clarifies the treatment of relevant acquisitions by trustees and custodians.