DUTIES ACT 2001 - SECT 532 Credit or refund for termination of particular leases etc.

DUTIES ACT 2001 - SECT 532

532 Credit or refund for termination of particular leases etc.

(1) This section applies if, before the commencement day, stamp duty under the repealed Act was paid for any of the following—

(a) a lease or agreement for lease;

(b) a transaction mentioned in section 54AB (1) (b) of that Act;

(c) a contract or agreement mentioned in section 64D of that Act.

(2) If the lease, transaction, contract or agreement is terminated on or after the commencement day, section 242 applies to the termination as if it were the termination of a lease or occupancy right.

(3) Subsection (4) applies if, on or after the commencement day—

(a) the lease, transaction, contract or agreement is terminated; and

(b) a lease or occupancy right is entered or granted in replacement of the lease, transaction, contract or agreement in circumstances mentioned in section 243(1).

(4) Section 243(2) applies to the replacement lease or right.