Meaning of ‘transfer’

An AIS charge is triggered by ‘transfers’ of securities. Most transfers result from sales or purchases.

ITA07/S620 defines ‘transfer’ as

transfer by way of sale, exchange, gift or otherwise (but excluding the vesting of securities in personal representatives on death, or the transfer of deeply discounted securities), or

conversion, or

redemption of variable rate securities, in any case where there has been an earlier transfer of securities, or

one of the number of special types of transaction treated as a transfer.

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