sec.515Repealed Act applies to particular acquisitions after transfer by way of security of other property

### sec.515 Repealed Act applies to particular acquisitions after transfer by way of security of other property Subsection (2) applies if— before the commencement day, a conveyance or transfer by way of security of property, other than land, was assessed to or exempted from duty under the repealed Act or another Act; and after the commencement day, the transferee or the transferee’s assignee, acquires ownership of the property free from any interest of the transferor or the transferor’s assignee. The repealed Act applies to the acquisition. See the Stamp Act 1894 , section 56E (Conveyance of other property by way of security). (sec.515-ssec.1) Subsection (2) applies if— before the commencement day, a conveyance or transfer by way of security of property, other than land, was assessed to or exempted from duty under the repealed Act or another Act; and after the commencement day, the transferee or the transferee’s assignee, acquires ownership of the property free from any interest of the transferor or the transferor’s assignee. (sec.515-ssec.2) The repealed Act applies to the acquisition. See the Stamp Act 1894 , section 56E (Conveyance of other property by way of security). - (a) before the commencement day, a conveyance or transfer by way of security of property, other than land, was assessed to or exempted from duty under the repealed Act or another Act; and - (b) after the commencement day, the transferee or the transferee’s assignee, acquires ownership of the property free from any interest of the transferor or the transferor’s assignee.