Duties Act 2001

Subsection (2) applies if—

ad valorem duty chargeable on an instrument under the repealed Act was paid; and

the duty was worked out by including the value of a vehicle; and

an application to register or transfer the vehicle is made on or after the commencement day.

Section 384(2) and (3) apply for reducing the vehicle registration duty assessed under section 382(2) as if—

factor DP were a reference to the stamp duty paid under the repealed Act; and

factor DVDP were the value of the property on which the ad valorem duty was paid under the repealed Act, schedule 1, paragraph 4(a) under the heading ‘Conveyance or transfer’; and

factor MVV were a reference to the value of the vehicle or the part the value of the vehicle used to calculate the duty paid under the repealed Act.