The Weekly Law Reports
[1953] 3 WLR 1127
[PRIVY COUNCIL.]
NORMAN CLYDE OAKES APPELLANT; AND COMMISSIONER OF STAMP DUTIES OF NEW SOUTH WALES RESPONDENT.
ON APPEAL FROM THE HIGH COURT OF AUSTRALIA.
1953 Dec. 3.
LORD PORTER, LORD MORTON OF HENRYTON, LORD REID, LORD TUCKER, and LORD ASQUITH OF BISHOPSTONE.
Australia (New South Wales)
— Revenue
— Estate duty
— Gift
— Reservation of benefit
— Remuneration for managing trust property
— Whether beneficial interest
— Grazing property
— Settlor and his children co-beneficiaries in equal shares
— Children's shares used for their maintenance and education
—
New South Wales Stamp Duties Act, 1920–1940, s. 102 (2) (d)
—
Finance Act, 1940 (3 & 4 Geo. 6, c. 29), s. 43 (2) (a).