Queensland Consolidated Acts Queensland Consolidated Acts(1) Subsection (2) applies if—
(a) a dutiable transaction that is the retransfer of land mentioned in section 32(1)(d) is entered into on or after the commencement day; and
(b) before the commencement day, a conveyance or transfer by way of security of the land was made to the transferor under the retransfer.
(2) Section 32 applies to the retransfer as if—
(a) a reference to the original transfer were a reference to the conveyance or transfer mentioned in subsection (1)(b); and
(b) a reference to mortgage duty were a reference to stamp duty that would have been chargeable under the repealed Act.