s 534
In forceCredit allowed for particular agreements for mortgage
Chapter 17Repeal, savings and transitional provisions
Part 2Savings and transitional provisions for repeal of Stamp Act 1894
Division 7Provisions for mortgage duty
534 Credit allowed for particular agreements for mortgage
(1)
Subsection (2) applies if—
(a)
before the commencement day, stamp duty under the repealed Act was paid on an agreement to grant a mortgage; and
(b)
under the agreement, a mortgage as defined in section 248 is first signed on or after the commencement day.
(2)
For assessing mortgage duty imposed on the mortgage, a credit must be allowed for stamp duty paid on the agreement to grant the mortgage.
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