97BTransitional provision (dutiable property)

97B Transitional provision (dutiable property) (1) A conveyance of relevant property is not liable to duty if: (a) the conveyance was first executed before the commencement of the relevant amendment; or (b) the conveyance is made before 1 July 2009 in pursuance of an agreement to make the conveyance entered into before the commencement of the relevant amendment. relevant amendment means the amendment made by Revenue Law Reform (Budget Initiatives) Act 2008 under which certain mining tenements that were not formerly dutiable property became dutiable property. relevant property means property that becomes dutiable property as a result of the relevant amendment. 98 Regulations The Administrator may make regulations under this Act. Part 7 Transitional matters for Revenue Legislation Amendment Act 2009 99 Application (1) Section 56C(6)(b) as amended by section 24(2) of the amending Act applies only to a calculation for the acquisition of an interest that occurs on or after the introduction day. (2) Section 56CA as inserted by section 25 of the amending Act, and section 56C(6) and (7) as amended by section 24(1) and (3) of the amending Act, apply as follows: (a) the Commissioner may make a determination under section 56CA that takes effect from, and specifying, a date that is on or after the introduction day; (b) the determination must relate to a relevant transaction mentioned in that section that occurred on or after the introduction day; (c) the determination may relate to an arrangement mentioned in that section that is made on, or takes effect from, a date that is the introduction day or before or after that day.