DUTIES ACT 2001 - SECT 573 Savings provision for pre-repeal marketable security transactions

DUTIES ACT 2001 - SECT 573

573 Savings provision for pre-repeal marketable security transactions

This Act, as in force immediately before 1 January 2007, continues to apply for powers, rights, privileges and liabilities that would have been exercisable, acquired, accrued or incurred on or after 1 January 2007 in relation to a pre-repeal marketable security transaction if the amendments in the amending Act had not commenced.

Example of how this Act continues to apply under this section—

A person or other entity may be required to lodge an instrument or transfer duty statement, and pay transfer duty, on or after 1 January 2007 in relation to a pre-repeal marketable security transaction.