39Application of amendments

#### 39 Application of amendments 39 Application of amendments > > (1) Sections 32A–32C, as inserted by the [State Revenue Legislation Amendment Act 2004](/view/html/repealed/current/act-2004-033), apply in respect of any liability for duty charged by Chapter 2 that arises on or after the commencement of Schedule 3 to that Act. > > > > Note. > > > > See section 12. Liability for duty on a transfer of dutiable property effected by a written instrument arises when the instrument is first executed. > > > (2) The amendments made to sections 96, 97 and 98 by Schedule 3 to the [State Revenue Legislation Amendment Act 2004](/view/html/repealed/current/act-2004-033) do not apply in respect of the year ending on 31 December 2004. > > > (3) Sections 32A–32C do not apply in respect of a dutiable transaction that results from the exercise of an option for the sale or purchase of dutiable property, if the option was granted before 7 May 2004. > > > (4) The imposition, payment and recovery of duty under this Act before the commencement of subclause (3) is taken to have been validly done to the extent that it would have been validly done had subclause (3) been in force at the time that it was done.