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Wednesday, 26 November 1941


Mr LAZZARINI (Werriwa) (Minister assisting the Treasurer) . - I move -

That, in sub-clause (3.), after the word " gift," second-occurring, the following words be inserted : - ", but any such charge shall not affect the title of a bona fide purchaser for value without notice of the charge".

The sub-clause as contained in the bill provides that gift duty shall constitute a first charge on all property, other than money or negotiable instruments, comprised in the gift, but it is considered that such charge should not extend to and affect the title of a bona fide purchaser for value without notice of the charge, and the amendment achieves this object.







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