Western Australian Numbered Acts Western Australian Numbered Acts If —
(a) a
transaction record for a dutiable transaction referred to in section 45
for option property is duty endorsed (the "first dutiable transaction”
); and
(b) as a
result of the call option or the put option being exercised either, or both,
of the following occur (the "second dutiable transaction” ) —
(i)
an agreement for the transfer of the option property is
executed;
(ii)
the option property is transferred,
the amount of duty
payable on the second dutiable transaction is to be reduced by the amount of
duty paid on the first dutiable transaction.