31The *Revenue Laws Amendment Act 2004* s. 8 reads as follows:

31 The *Revenue Laws Amendment Act 2004* s. 8 reads as follows: “ 8. Transitional provision Despite the amendments made by this Division, the *Stamp Act 1921* as in force immediately before the commencement of this Division applies to and in relation to — (a) an instrument that was first executed before 1 July 2004; (b) an instrument of conveyance or transfer that replaces another instrument for the conveyance or transfer of the same property where the replaced instrument was first executed before 1 July 2004; (c) an instrument of conveyance or transfer of property where — (i) the person to whom the property is conveyed or transferred (the transferee) had an option to purchase the property, or the person who conveys or transfers the property had an option to require the transferee to purchase the property; and (ii) in either case, the option was granted on or after 6 May 2004 but before 1 July 2004; and (d) an instrument of conveyance or transfer where — (i) the conveyance or transfer of property is made in accordance with an arrangement made on or after 6 May 2004; and (ii) the sole or principal purpose of the arrangement was to defer the conveyance or transfer of the property until 1 July 2004 or later so that the rates of duty applicable on or after 1 July 2004 would apply to the instrument. ”.