Duties Act 1997

The amendments made by the State Revenue Legislation Amendment Act 2005 to section 162M are taken to have effect as if they had commenced on the date on which the Bill for the State Revenue Legislation Amendment Act 2005 was introduced in the Legislative Assembly (the effective date).

Accordingly, section 162M (6A) applies in respect of any vendor duty transaction that occurs on or after the effective date.

If a vendor duty transaction that occurred before the relevant date of assent becomes chargeable with duty or additional duty as a result of the amendments made by that Act to section 162M, the vendor duty transaction is taken (if the duty or additional duty has not already been paid) to become chargeable with that duty or additional duty on the relevant date of assent.

For the purposes of this clause, the relevant date of assent is the following—

the date of assent to the State Revenue Legislation Amendment Act 2005, unless paragraph (b) applies,

if the State Revenue Legislation Amendment (Budget Measures) Act 2005 is assented to after the date of assent to the State Revenue Legislation Amendment Act 2005, the date of assent to the State Revenue Legislation Amendment (Budget Measures) Act 2005.

In section 162M, as amended by the State Revenue Legislation Amendment Act 2005—

a reference to an ad valorem duty transaction includes an ad valorem duty transaction that occurred before the effective date, and

a reference to Chapter 2 of this Act includes a reference to any corresponding provisions of the Stamp Duties Act 1920 that have been repealed.