sec.562Saving of particular provisions for exempt institutions

### sec.562 Saving of particular provisions for exempt institutions This section applies if an assessment for lease duty was made before 1 January 2006. If the assessment was made on the basis that an exemption under chapter 10, part 2, division 1, applied, previous sections 417 and 419 continue to apply in relation to the lease. For subsection (2), a reassessment made as required under previous section 419(3) imposing duty on the lease must be made as if chapter 4 had not been repealed. If duty was imposed on the lease because the use requirements under chapter 10, part 2, division 2 would not be complied with, previous section 418 continues to apply for the lease, even if the duration period ends on or after 1 January 2006. In this section— previous , for a provision of this Act, means the provision as in force immediately before 1 January 2006. s 562 ins 2005 No. 60 s 16 (sec.562-ssec.1) This section applies if an assessment for lease duty was made before 1 January 2006. (sec.562-ssec.2) If the assessment was made on the basis that an exemption under chapter 10, part 2, division 1, applied, previous sections 417 and 419 continue to apply in relation to the lease. (sec.562-ssec.3) For subsection (2), a reassessment made as required under previous section 419(3) imposing duty on the lease must be made as if chapter 4 had not been repealed. (sec.562-ssec.4) If duty was imposed on the lease because the use requirements under chapter 10, part 2, division 2 would not be complied with, previous section 418 continues to apply for the lease, even if the duration period ends on or after 1 January 2006. (sec.562-ssec.5) In this section— previous , for a provision of this Act, means the provision as in force immediately before 1 January 2006.