However, a trust created by declaration or settlement of cash only, will not be liable for duty as the transaction does not involve dutiable property. Similarly, a trust deed establishing a superannuation fund without any dutiable property being settled upon the trustee will not be dutiable.
While deeds to these particular trusts verify their creation, the deeds do not need to be presented to us for stamping as they do not relate to dutiable transactions. Consequently, the Register of Titles has been advised that these deeds may be lodged directly with them, without a stamping notation.
Trusts or superannuation funds that are created with dutiable property are liable for duty, and should be lodged with us in the usual manner.