553
In forceApplication of amendments about credit card duty
Chapter 17Repeal, savings and transitional provisions
Part 4Transitional provisions for Duties Amendment Act (No. 2) 2004
553 Application of amendments about credit card duty
(1)
Chapter 6, part 2 as in force immediately before 1 August 2004 applies in relation to credit card transactions in a partial period.
(2)
For subsection (1), a partial period is taken to be a billing period.
(3)
A term used in this section and defined in chapter 6, part 2 as in force immediately before 1 August 2004 has the meaning given by the part as in force immediately before 1 August 2004.
(4)
In this section—partial period for a billing period that starts, but has not ended, before 1 August 2004 means the period from the start to 31 July 2004.
This Act’s bill:Explanatory memorandum
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