sec.597Reassessment—concessions for home mortgages and first home mortgages

### sec.597 Reassessment—concessions for home mortgages and first home mortgages This section applies if— before 1 July 2008, mortgage duty on a home mortgage was assessed on the basis of a concession under chapter 5, part 6; and on or after 1 July 2008, one of the events mentioned in section 291(1) happens. Section 291(2) to (4) applies to enable the commissioner to make a reassessment to impose mortgage duty on the mortgage at the rate applicable at the time that, but for the concession, the liability for mortgage duty would have arisen. s 597 ins 2008 No. 39 s 19 (sec.597-ssec.1) This section applies if— before 1 July 2008, mortgage duty on a home mortgage was assessed on the basis of a concession under chapter 5, part 6; and on or after 1 July 2008, one of the events mentioned in section 291(1) happens. (sec.597-ssec.2) Section 291(2) to (4) applies to enable the commissioner to make a reassessment to impose mortgage duty on the mortgage at the rate applicable at the time that, but for the concession, the liability for mortgage duty would have arisen. - (a) before 1 July 2008, mortgage duty on a home mortgage was assessed on the basis of a concession under chapter 5, part 6; and - (b) on or after 1 July 2008, one of the events mentioned in section 291(1) happens.