Succession and Gift Duties Abolition Act Amendment Act 1977 (Qld)

300 QL misl2 ANNO VICESIMO SEXTO EL1ZABETHAE SECUNDAE REGINAE Noe 32 of 1977 Act to am end the Succession and Gift Duties Abolition Act 19 7 6 in certain particulars [ASSENTED TO 13TH SEPTEMBER, 1977] BE IT ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. Short title and citation . (1) This Act may be cited as the Succession and Gift Duties Abolition Act Amendment Act 1977. (2) In this Act the Succession and Gift Duties Abolition Act1976 is referred to as the Principal Act. (3) The Principal Act as amended by this Act may be cited as the Succession and Gift Duties Abolition Act1976-1977. 2. Amendment of s. 3 . Section 3 of the Principal Act is amended by, in subsection (1), omitting provision (b) and substituting the following provision:- (b) the term " successor " and the term " predecessor " have respectively the meanings assigned to them by section 4 of the Succession Duties Act 1892-1975;".

Succession and Gift Duties Abolition Act Amendment Act 1977, No. 301 3. Amendment of s. 4 . Section 4 of the Principal Act is amended by adding at the end of the section the following subsection:- " (3) Where a succession is derived by reason of the death before 1 January 1977 of a predecessor but the entitlement or interest of the successor does not vest in possession in him before that date by reason only of the fact that at that date the predecessor's estate is in the course of administration or the administration thereof has not commenced, it shall be deemed for the purposes of this Act that such entitlement or interest of the successor did vest in possession in him before that date and is chargeable with duty under the Succession Duties Act 1892-1975 accordingly. An estate shall be taken to be in the course of administration until the executor or administrator thereof has performed the duties and discharged the obligations that attach to him in his capacity as executor or administrator.". 4. Construction of Principal Act as amended . The Principal Act as amended by this Act shall be construed as if the amendments made by this Act had been part of the Principal Act at all times since its passing.