This Act may be cited as the Stamp Duties Amendment Act 1952, and shall be read together with and deemed part of the Stamp Duties Act 1923 (hereinafter referred to as the principal Act).

Sections one hundred and seventy-six to one hundred and eighty-two of the principal Act are hereby repealed.

The enactments specified in the Schedule to this Act are hereby consequentially amended in the manner indicated in that Schedule.

This section shall be deemed to have come into force on the eighth day of August, nineteen hundred and fifty-two.

Where any receipts have been exempted from duty in consideration of the payment of sums by way of commutation or composition of the duty, the sum payable in respect of any period ending after the commencement of this section shall be computed as if the period ended with the seventh day of August, nineteen hundred and fifty-two.

All duty and all sums by way of commutation or composition of duty on receipts given before the commencement of this section, and all penalties incurred in respect thereof, shall be recovered and enforced in the same manner as if subsections one and two of this section had not been passed.

Section one hundred and fifty-four of the principal Act (as amended by section thirteen of the Stamp Duties Amendment Act 1924 and by section six of the Stamp Duties Amendment Act 1927) is hereby further amended by adding to subsection five the following paragraph:—

Provision may be made by regulations under the principal Act for exempting marine policies from the duty imposed by the principal Act and from the provisions as to stamping imposed by section twenty-six of the Marine Insurance Act 1908, and for exempting certificates or other instruments evidencing marine policies from that duty, in consideration of the payment by insurers of sums by way of commutation of the duty.