DUTIES ACT 2001 - SECT 519
Transfers by way of security—land
DUTIES ACT 2001 - SECT 519
Transfers by way of security—land
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would have been chargeable under the repealed Act.
