s 519
In forceTransfers by way of security—land
Chapter 17Repeal, savings and transitional provisions
Part 2Savings and transitional provisions for repeal of Stamp Act 1894
Division 3Provisions for transfer duty
Subdivision 2Provisions for applying this Act for transactions before commencement day
519 Transfers by way of security—land
(1)
Subsection (2) applies if—
(a)
a dutiable transaction that is the retransfer of land mentioned in section 32(1)(d) is entered into on or after the commencement day; and
(b)
before the commencement day, a conveyance or transfer by way of security of the land was made to the transferor under the retransfer.
(2)
Section 32 applies to the retransfer as if—
(a)
a reference to the original transfer were a reference to the conveyance or transfer mentioned in subsection (1)(b); and
(b)
a reference to mortgage duty were a reference to stamp duty that would have been chargeable under the repealed Act.
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