Duties Act 1997

The First Home Plus amendments apply in respect of the following—

agreements for sale or transfer entered into on or after 1 May 2007,

transfers that occur on or after 1 May 2007 (except where made in conformity with an agreement for sale or transfer entered into before 1 May 2007),

mortgages over land the subject of those agreements or transfers.

Accordingly, a shared equity concession under Subdivision 1 of Division 1 of Part 8 of Chapter 2 applies only in respect of the agreements, transfers and mortgages referred to in subclause (1), despite section 70.

Anything done or omitted to be done on or after 1 May 2007 and before the date of assent to the Duties Amendment (First Home Plus One) Act 2007 that would have been validly done or omitted if the First Home Plus amendments had been in force at the time that it was done or omitted is taken to have been validly done or omitted.

For the purposes of this clause, the First Home Plus amendments means the amendments made to Subdivision 1 of Division 1 of Part 8 of Chapter 2 by the Duties Amendment (First Home Plus One) Act 2007.