Catchwords
Stamp duties – Conveyance – Redemption of units in unit trust scheme – Register of units recorded cancellation – Whether register an instrument evidencing a deemed conveyance – Meaning of "transfer" in s 71(15) of the Stamp Duties Act 1923 (SA) – Whether beneficiary surrendered or renounced beneficial interest in, or in relation to, property upon redemption of units.
Trusts – Unit trust – Provision for redemption of units – Whether redemption a surrender, release or renunciation by unit holder of beneficial interest.
Words and phrases – "transfer" – "surrender" – "renounce" – "release".
Stamp Duties Act 1923 (SA), ss 24(4), 71.