97ATransitional provision (rates of duty)

97A Transitional provision (rates of duty) (1) Subject to subsection (2), the relevant amendments apply to a conveyance first executed on or after 6 May 2008 and, if a conveyance was first executed before that date, this Act applies as if the relevant amendments had not been made. before 6 May 2008, of the same or substantially similar (b) the conveyee entered into a contract or option, before 6 May 2008, to purchase the property to which the conveyance relates, or substantially similar property; or (c) the conveyor had an option, granted before 6 May 2008, to require the conveyee to purchase the property to which the conveyance relates or substantially similar property. relevant amendments means: (a) the amendment made by the Revenue Law Reform (Budget Initiatives) Act 2008 to the definition of first home owner concession in section 88; and (b) the amendments made by the Revenue Law Reform (Budget Initiatives) Act 2008 to the rate of ad valorem conveyance duty under this Act.