42Exemption for lease instruments

#### 42 Exemption for lease instruments 42 Exemption for lease instruments > > (1) Section 179 (5), as inserted by the [State Revenue Legislation Amendment Act 2004](/view/html/repealed/current/act-2004-033), is taken to have effect as if it had commenced on 1 January 2004. > > > (2) A lease instrument first executed on or after 1 January 2004 and before the date of assent to the [State Revenue Legislation Amendment Act 2004](/view/html/repealed/current/act-2004-033) in respect of which duty is chargeable because of section 179 (5) is taken (if the duty has not already been paid) to become liable to such duty on the date of assent to that Act (despite section 169 (1)). > > > (3) The imposition, payment and recovery of duty under this Act before the date of assent to the [State Revenue Legislation Amendment Act 2004](/view/html/repealed/current/act-2004-033) is taken to have been validly done to the extent that it would have been validly done had section 179 (5) been in force at the time that it was done.