(1) The Principal Act is amended -

(a) in section 83D -

(i) in subsections (2)(a) and (6)(a), by substituting "7.5 per cent" for "6 per cent", and

(ii) in subsection (6)(a), by substituting "11/15" for "2/3", and

(b) in Schedule 1 -

(i) in the Heading "CONVEYANCE or TRANSFER on sale of any property other than stocks or marketable securities or a policy of insurance or a policy of life insurance", in paragraph (4), by substituting "7.5 per cent" for "6 per cent", and

(ii) in the Heading "LEASE", in paragraph (3)(b), by substituting "7.5 per cent" for "6 per cent".

(2) Subsection (1)(a) shall not have effect as respects instruments executed on or after 9 October 2019 where paragraph (b) of subsection (3) applies to the instrument referred to in paragraph (a) of subsection 83D(2) of the Principal Act.

(3) Subsection (1)(b) -