35   Abolition of duty on transfers of business assets—effective 1 July 2013

(1)  On and from 1 July 2013, a business asset referred to in section 11 (1) (g) is not dutiable property (despite section 11).

(2)  Subsection (1) does not apply in respect of any transfer or transaction with respect to business assets that occurs before 1 July 2013 and, accordingly, does not affect any requirement to pay duty under this Chapter in respect of the transfer or transaction.