DUTIES ACT 2001 - SECT 526 Application of ch 3, pt 1, to particular acquisitions of security interests

DUTIES ACT 2001 - SECT 526

526 Application of ch 3, pt 1, to particular acquisitions of security interests

(1) Subsection (2) applies if—

(a) before the commencement day, stamp duty under the repealed Act was paid on a transfer of shares by way of security; and

(b) on or after the commencement day, the commissioner ceases to be satisfied of the matter mentioned in section 190.

(2) Chapter 3, part 1, applies to the acquisition mentioned in paragraph (a).