119
In forceApplication of amendments to Chapter 2
Schedule 1Savings, transitional and other provisions
Part 45Provisions consequent on enactment of State Revenue Legislation Amendment (Budget Measures) Act 2016
119 Application of amendments to Chapter 2
(1)
An amendment made to Chapter 2 by the amending Act applies in respect of a dutiable transaction that occurs on or after the commencement of the amendment.
(2)
However, an amendment made to Chapter 2 by the amending Act does not apply to a transfer of dutiable property made in conformity with an agreement for sale or transfer of the dutiable property that was entered into before the commencement of the amendment.
This Act’s bill:Explanatory memorandumSecond reading speech
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