With effect from 1 July 2008 section 3 of the Principal Act is amended -
(a) in subsection (1) (e) by substituting "being movable goods" for "being goods",
(b) by inserting the following after subsection (1B):
"(1C) For the purposes of this Act in the case of immovable goods ' supply ' in relation to goods shall be regarded as including -
(a) the transfer in substance of the right to dispose of immovable goods as owner or the transfer in substance of the right to dispose of immovable goods, and
(b) transactions where the holder of an estate or interest in immovable goods enters into a contract or agreement with another person in relation to the creation, establishment, alteration, surrender, relinquishment or termination of rights in respect of those immovable goods, apart from mortgages, and consideration or payments which amount to 50 per cent or more of the open market value of the immovable goods at the time the contract or agreement is concluded are payable pursuant to or a