QLDIn ForceAct
Duties Act 2001
sec.526Application of ch 3, pt 1, to particular acquisitions of security interests
Start here
Get a plain-English read of sec.526
Turn the raw legal text into a practical explanation grounded in Duties Act 2001.
### sec.526 Application of ch 3, pt 1, to particular acquisitions of security interests
Subsection (2) applies if—
before the commencement day, stamp duty under the repealed Act was paid on a transfer of shares by way of security; and
on or after the commencement day, the commissioner ceases to be satisfied of the matter mentioned in section 190.
Chapter 3, part 1, applies to the acquisition mentioned in paragraph (a).
(sec.526-ssec.1) Subsection (2) applies if— before the commencement day, stamp duty under the repealed Act was paid on a transfer of shares by way of security; and on or after the commencement day, the commissioner ceases to be satisfied of the matter mentioned in section 190.
(sec.526-ssec.2) Chapter 3, part 1, applies to the acquisition mentioned in paragraph (a).
- (a) before the commencement day, stamp duty under the repealed Act was paid on a transfer of shares by way of security; and
- (b) on or after the commencement day, the commissioner ceases to be satisfied of the matter mentioned in section 190.