Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zu
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZU
Character Range: 854991–855982

52ZU  Transfer of property or services
 (1) A reference in this Division to the transfer of property or services to a trust includes a reference to the transfer of such property or services by way of the creation of the trust.
 (2) For the purposes of this Division, if an entity acquires property that did not previously exist, the property is taken to have existed immediately before the acquisition and to have been transferred by the entity who created the property.
 (3) For the purposes of this Division, property or services are taken to have been transferred to an entity if the property or services have been applied for the benefit of, or in accordance with the directions of, the entity.
 (4) Without limiting the generality of subsection (3), a reference in that subsection to the application of property or services for the benefit of an entity includes a reference to the application of property or services in the discharge, in whole or in part, of a debt due by the entity.