(1) Stamp duty shall not be chargeable on -
(a) the transfer, sale, or assignment of mortgages by a housing authority to a designated body, or
(b) the transfer of securities issued by a designated body.
(2) In this section "designated body" and "housing authority" have the same meanings, respectively, as they have in subsection (1) of section 1 of the Securitisation (Proceeds of Certain Mortgages) Act, 1995.
(3) Section 15 of the Securitisation (Proceeds of Certain Mortgages) Act, 1995, is hereby repealed.