36The *Stamp Amendment (Assessment) Act 2005* s. 7 and 8 read as follows:

36 The *Stamp Amendment (Assessment) Act 2005* s. 7 and 8 read as follows: “ 7. Transitional provisions — offshore risk policies (1) This section applies to the issue or renewal of a policy of insurance that effects offshore risk insurance, or both offshore risk insurance and other insurance, where the issue or renewal was effected on or after 1 July 1997 but before this Act received the Royal Assent. (2) If the issue or renewal of the policy was effected before the commencement of the *Taxation Administration Act 2003*, that Act applies to a reassessment as if the issue or renewal had been effected after the commencement of that Act. (3) Despite section 17 of the *Taxation Administration Act 2003*, the Commissioner may make a reassessment even if the respective original assessment was made more than 5 years before the reassessment. (4) However, a person is not entitled to apply for a reassessment more than 12 months after the day on which this Act receives the Royal Assent. (5) Where the policy of insurance effects both offshore risk insurance and other insurance then, despite section 35 of the *Taxation Administration (Consequential Provisions) Act 2002*, the Commissioner may make a reassessment even if the reassessment increases the amount of duty that a person is liable to pay in relation to the issue or renewal of the policy to the extent that it effects insurance other than offshore risk insurance. (6) In this section — **“duty”** means duty payable under the *Stamp Act 1921*; **“offshore risk insurance”** has the meaning given to that term in section 97 of the *Stamp Act 1921* as inserted by section 5 of this Act; **“original assessment”** has the meaning given to that term in the *Taxation Administration Act 2003*; **“policy of insurance”** has the meaning given to that term in Part IIIF of the *Stamp Act 1921* as in force immediately before this Act received the Royal Assent; **“reassessment”** means a reassessment as defined in the *Taxation Administration Act 2003*, being a reassessment of the amount of duty chargeable in respect of the issue or renewal of a policy of insurance to which this section applies. 8. Transitional provisions — Part IIIF (1) An expression used in this section that is given a meaning in the *Stamp Act 1921* (including old Part IIIF and new Part IIIF) has the meaning so given unless the contrary intention appears. (2) New Part IIIF does not apply to or in respect of premiums or instalments paid to an insurer after commencement in respect of which duty, under old Part IIIF, became payable before commencement. (3) A person who was an insurer (as defined in new Part IIIF) immediately before commencement is to be taken to have become an insurer on commencement for the purposes of new Part IIIF. **“commencement”** means the time at which section 6 of this Act comes into operation; **“new Part IIIF”** means Part IIIF of the *Stamp Act 1921* as in force after commencement and, for the purposes of this section, is to be taken to include item 16 of the Second Schedule of the *Stamp Act 1921* as in force after commencement; **“old Part IIIF”** means Part IIIF of the *Stamp Act 1921* as in force immediately before commencement and, for the purposes of this section, is to be taken to include item 16 of the Second Schedule and item 8 of the Third Schedule of the *Stamp Act 1921*, as in force immediately before commencement. ”. 37 The *Revenue Laws Amendment (Taxation) Act 2007* s. 13(2) was repealed on 27 Jun 2008 by the *Revenue Laws Amendment Act 2008* s. 7(3). Defined terms *[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]* **Defined term Provision(s)** A 75J(2) accident insurance 92 acquire 73DB(1), 76(1) acquisition A 76AT(3), 76ATG(3) additional insurance 92B(2) additional interest 76A(3), 76ATD(3), 76ATK(3) Administration Act 75AG(12) advance 81, 83(1), 83(3) aged care service 112R(2) aggregated dispositions 63AG(1), 73DC(2) aggregated duty 63AI(2) annual duty‑free threshold 112IF, 112LB(2) apportioned liability 75G(3) approved provider 112R(2) arrangement 70(1) attributable amount 112LD(2), 112LD(3) B 75J(2) bankruptcy trustee 75ABA(2) beneficiary 74(3g), 76A(3) bidder 76ATG(3) body corporate 75J(1) business asset 74C(1) business identity 74C(1) business licence 73F(1) business mortgage 86B(4) business owner 86B(6) business property 75AE(3) call option 74B(1) caveat 28(6) charitable organisation 76B(1) chattels 70(1), 73D(1), 76(1) circuit layout right 74C(1) collateral mortgage 81 commercial hire business 112I(1), 112IF commodities 74C(1) Commonwealth Act 76B(1) company 73DA(3), 73E(1) Company A 31B(4) Company B 31B(4) Company C 31B(5) contingent consideration 75CA(1) continuing instrument 16(7) continuing proprietor or proprietors 74B(4) contract 75CA(1) contract of insurance 92 controlling body 75JB(5c) controlling interest 76A(3), 76ATD(2), 76ATK(2) conveyance on sale 63(1) corporation 4(1) Corporations Act 4(1) correcting transfer 73AB corresponding Act 81 corresponding State law 76B(1) current exempted property 75HA(1) custodian trustee 63(1) de facto partner of 2 years 4(1) de facto partners of 2 years 4(1) de facto relationship 112UA(1) dealer 76B(1) deeming provision 76AU(4) deeming‑in provision 76AU(4) deeming‑out provision 76AU(4) Defence Service Homes Insurance Scheme 92 director 4(1) Director General 76B(1) disabled beneficiary 75AE(4) discretionary trust 75D(1), 76(1) discretionary trustee 63(1), 75D(1), 76B(1) disposition 63(1), 73CA(4), 73E(1) distributable property 76(1) Division 4 insurer 92, 95 dormant 74(1aa), 75J(1) dormant corporation 74(1aa) dutiable 70(1) dutiable amount 112LD(4) dutiable statement 4(1) dutiable value 76ATE(1), 76ATL(1) duty 4(1) duty avoidance arrangement 75JDA(1) duty‑free threshold 112IF dwellinghouse 4(1) earlier acquisition 76AJ(3), 76AQ(3) eligible conditional contract 4(1), 6(1) eligible purchaser 75AE(3), 75AE(3) eligible vehicle 76B(1) endorse 4(1) entitled 76(1) entitled share 75HA(1) entitlement 76(1) equipment financing arrangement 112ID(1), 112IF exempt body 119(1) exempt chattels 70(1) exempted instrument 75JD(5) exploration amount 73G(1) Family Court Act 112UA(1) Family Law Act 112UA(1) family member 75D(1) family members 7(3) farm‑in agreement 73G(1) farming company 75D(1) farming exemption 75HA(1) farming land 75D(1) farming land conditional contract 4(1), 9(1) farming partnership 75D(1) farming property 75D(1) FHOG Act 75AG(12) financial institution 4(1) financial market 4(1) financial services licensee 92 first business 74C(5) first instrument 75AH(2) foreign company 4(1) former de facto partner of 2 years 4(1) franchise arrangement 74C(1) franchisee 74C(1) franchisor 74C(1) full duty 20(9) funds manager 63AB(2a) further instrument 75AH(2) further interest 76A(3) general conditional contract 4(1), 8(1) general insurance 92 General insurance 92A(1) goods 112IA, 112IF government body 4(1) grant 76B(1) GST 4(1) health insurance business 92 heavy vehicle 76B(1) hire of goods 112IB(1), 112IF hire purchase agreement 112ID(2), 112IF hirer 112IF Hiring charges 112IE(1) hiring charges 112IF holding corporation 76AR(4), 76ATK(4) home mortgage 81 independent person 20(9) instalment 92 instrument 4(1) instrument of conveyance 75D(1) instrument of transfer 35(4), 75AG(12) insurer 92 intellectual property 74C(1) interest 74(1aa), 76A(3), 76A(3), 76ATD(1), 76ATK(1) intermediary 92 interstate duty 4(1) interstate security duty 63AI(2), 73DC(9) issued share capital 75J(3) land 33(4), 63AA(1), 63AB(1), 73D(1), 75D(1), 76(1) later acquisition 76AJ(3), 76AQ(3) liability date 81 liable person 73DAA(2) licence 75J(1), 76B(1) life insurance 92 listed land‑holder corporation 76ATI(1) listed land‑holder WA company 76ATB(1) loan 81, 84 local government 4(1) lot 75C(4) maintenance agreement 112UA(1) majority interest 76A(3), 76AK(2), 76AR(2) majority shareholder 63(6) managed investment scheme 74(1aa) market value 76B(1) marketable security 4(1) member 74(1aa) merging corporations 31B(5), 31B(6) minerals 76(1) mining tenement 73G(1), 76(1) mining tenement conditional contract 4(1), 11 money 4(1) mortgage 4(1), 81, 82(1) mortgage duty 81 mortgage package 81, 91A(1), 91A(2) net value 76B(1) new vehicle 76B(1) non‑beneficial 76B(1) officer 73E(1) offshore risk insurance 92 off‑the‑plan conditional contract 4(1), 10 old Part IVB Sch. 4 cl. 1(1) old public unit trust 112UE(1) option property 74B(1) optional feature 76B(1) order 112UA(1) ordinary hiring arrangement 112IF original equipment 76D(6), 76J(1) other property 70(1) own and control 75JB(5c) parent body 75JB(5c) Part IIIBA statement 4(1) party 20(9) payment 4(1), 73G(1) plant breeder right 74C(1) premium 92 prescribed relationship 75JB(5d) previous duty 76ATA(5), 76ATH(5) previous mortgage 86A(2), 86B(2) primary advance 90(1) primary produce contract 4(1), 9(2) primary production 75D(1) primary products 76(1) private unit trust scheme 63AG(1) property 74B(1), 112UA(1) proprietor 74B(5) provisional public trust 63(1) purchase price 76B(1) put option 74B(1) qualified person 112Q(2) qualifying period 75JB(5c) receiving body 31C(1) recognised financial market 4(1) referable point 81 registered commercial hire business 112IF registered insurer 92 registered organisation 92 registered unit trust scheme 73DB(1) registrar 28(6) reinsurance 92 related 4(1), 7(1) related corporation 4(1) relevant acquisition 76A(3), 76ATC(1), 76ATJ(1) relevant aggregated dispositions 73DC(3) relevant circumstances 75JB(5e) relevant day 76AJ(4), 76AQ(4) relevant disposition 73DD(5) relevant interest 73DD(1) relevant period 76AJ(5), 76AQ(5), 76AT(3), 76ATG(3) relevant proportion 75HA(1) replacement transaction 20(9) representative 92 residential property 75AE(3) restraint of trade arrangement 74C(1) return period 92, 112IF right in respect of shares 4(1) rules 76(1) sale 72(1) scheme 76AV(1) scheme land 63AA(1) scheme property 74(1aa) section 31B or 31C statement 75J(1) section 76AG statement 4(1) section 76AN statement 4(1) section 76AT statement 4(1) section 76ATG statement 4(1) secured amount 81, 90(1) security interest 81 share 73E(1), 76(1) share transfer 75JB(4) shareholding 76(1) shares 75J(1) specialised equipment 76B(1) specified period 76AB(4) stamp 4(1) stamp Act 4(1) start up period 63(1) State hire of goods 112IC(1), 112IF subdivision conditional contract 4(1), 12 supply 4(1) surviving de facto partner of 2 years 4(1) terminated on relevant grounds 4(1), 14 the determiner 73B(3) the dutiable value 76AL(1), 76AS(1) the initial instrument 75E(5) the initial transfer 75E(6) the intermediary 69(1) the licensee 73F(2) the property 73A(1), 73B(1) the target 75JA(1) the transferee 69(1), 75JA(1) the transferor 69(1), 75E(1), 75E(1), 75HA(1) transfer 35(4), 63(1), 70(1) transfer or assignment 72(1) transferee 75AG(12) transferring body 31C(1) transitional disposition 63AG(1) trust 76(1) Trust A 73D(1b) Trust B 73D(1b) trustee 63(1), 63(6), 75AE(4), 75D(1), 76B(1) Trustee A 73D(1b) unconditional 4(1) unencumbered value 4(1) unit 4(1), 63(1) unit trust scheme 63(1), 76B(1) unit trustee 63(1), 76B(1) vehicle 75J(1), 76B(1) vehicle A 76D(6) vehicle B 76D(6) WA company 4(1) This work is licensed under a Creative Commons Attribution 4.0 International Licence (CC BY 4.0). To view relevant information and for a link to a copy of the licence, visit www.legislation.wa.gov.au. Attribute work as: © State of Western Australia 2024. By Authority: GEOFF O. LAWN, Government Printer