Responsible entity to custodian
Under section 54A(1)(a) of the Duties Act 1997, duty of $10 ($50 if first executed on or after 1 January 2009) is chargeable on a transfer of dutiable property from a responsible entity of a managed investment scheme to a custodian or agent of the responsible entity as custodian or agent of the scheme in which the transferor held the dutiable property.
Documentation to be submitted with the transfer at the time of stamping: A statutory declaration by the custodian or solicitor for the custodian stating:
(i) that the transferor is the responsible entity within the meaning of the Corporations Act 2001 of the: [name of scheme] managed investment scheme with ARSN [number of scheme], and
(ii) that the transferee is holding the property as custodian of such responsible entity for the: [name of scheme] managed investment scheme with ARSN [number of scheme].
