DUTIES ACT 2001 - SECT 561 Reassessments under repealed s 242

DUTIES ACT 2001 - SECT 561

561 Reassessments under repealed s 242

(1) Repealed section 242 applies under section 559(1) only for a lease or occupancy right that is terminated before 1 January 2016.

(2) Repealed section 242 also applies, despite its repeal, to a section 532 instrument that is terminated before 1 January 2016.

(3) For subsection (2), repealed section 242 applies with any necessary changes to the termination of the instrument as if it were the termination of a lease or occupancy right.

(4) In this section—


"section 532 instrument" means a lease, transaction, contract or agreement—

(a) mentioned in section 532(1); and

(b) that was in force immediately before 1 January 2006.