Future modifications of New Tax System Price Exploitation Code text
6 Future modifications of New Tax System Price Exploitation Code text
A modification made by a Commonwealth law to the
New Tax System Price Exploitation
Code text after the commencement of this section applies as a law of South Australia (unless excluded under subsection (3)) as from the date the modification takes effect under Commonwealth law or 2 months after the date of the modification (whichever is the later).
However, the Governor may, by proclamation, fix an earlier date for the commencement of the modification as a law of South Australia but the date so fixed cannot be earlier than—
the date of publication of the proclamation in the Gazette;
or
the date the modification takes effect under Commonwealth law.
The Governor may, by proclamation published within 2 months after the date of a modification to the New
Tax System Price Exploitation Code text, exclude the modification from applying as a law of South
Australia.
The Governor may, by a later proclamation, revoke the exclusion and, in that event, the modification takes effect as a law of South Australia on the date of that later proclamation or on a later day fixed in that proclamation.
For the purposes of this section, the date of the modification is the date on which the Commonwealth Act effecting the modification receives the
Royal Assent or the regulation effecting the modification is notified in the
Commonwealth of Australia Gazette.
This Act’s bill:Second reading speech
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