Western Australian Numbered Acts Western Australian Numbered Acts (1) In this section
—
“amended Act” means the
Stamp Act 1921 as amended by this Act and the Business Tax Review
(Taxing) Act (No. 2) 2003 ;
“commencement day” means the day on
which section 79 came into operation;
“former Act” means the
Stamp Act 1921 as in force from time to time before the commencement day.
(2) The amended Act
does not apply to a mortgage or other security on which duty was payable under
Part IIIE of the former Act if the amount secured by the mortgage does not
increase on or after the commencement day.
(3) However, a
mortgage that was liable to duty under Part IIIE of the former Act is liable
to duty under Part IIIE of the amended Act as if the mortgage had first been
executed after the commencement day if an advance as defined in Part IIIE of
the amended Act is made under the mortgage after the commencement day.