sec.519Transfers by way of security—land

### sec.519 Transfers by way of security—land Subsection (2) applies if— a dutiable transaction that is the retransfer of land mentioned in section 32(1)(d) is entered into on or after the commencement day; and before the commencement day, a conveyance or transfer by way of security of the land was made to the transferor under the retransfer. Section 32 applies to the retransfer as if— a reference to the original transfer were a reference to the conveyance or transfer mentioned in subsection (1)(b); and a reference to mortgage duty were a reference to stamp duty that would have been chargeable under the repealed Act. (sec.519-ssec.1) Subsection (2) applies if— a dutiable transaction that is the retransfer of land mentioned in section 32(1)(d) is entered into on or after the commencement day; and before the commencement day, a conveyance or transfer by way of security of the land was made to the transferor under the retransfer. (sec.519-ssec.2) Section 32 applies to the retransfer as if— a reference to the original transfer were a reference to the conveyance or transfer mentioned in subsection (1)(b); and a reference to mortgage duty were a reference to stamp duty that would have been chargeable under the repealed Act. - (a) a dutiable transaction that is the retransfer of land mentioned in section 32(1)(d) is entered into on or after the commencement day; and - (b) before the commencement day, a conveyance or transfer by way of security of the land was made to the transferor under the retransfer. - (a) a reference to the original transfer were a reference to the conveyance or transfer mentioned in subsection (1)(b); and - (b) a reference to mortgage duty were a reference to stamp duty that would have been chargeable under the repealed Act.