Meaning of assessment period
194C Meaning of assessment period
For the purposes of this Subdivision, each of the following is an assessment period for a Subdivision A List:
the period of 12 months starting on the day determined in writing by the Minister for the purposes of this paragraph in relation to the Subdivision A List;
each period of 12 months starting on an anniversary of the day so determined.
The Minister must make a determination under paragraph (1)(a) within 3 months after the commencement of this section. The day so determined must not be more than 12 months after that commencement.
A determination under paragraph (1)(a) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.
Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 does not apply to the determination. See regulations made for the purposes of paragraph 54(2)(b) of that Act.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.