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—
does not apply under section 5 until at least the end of the period of 2 months after the date of the modification, unless the Governor in Council, by Order published in the Government Gazette, appoints an earlier date; and
does not apply under that section at all, if the modification is declared by Order of the Governor in Council published in the Government Gazette to be excluded from the operation of that section.
An Order under subsection (1)(a)—
cannot appoint any day that is earlier than the date of publication or notification of the Order or that is earlier than the date on which the modification of the text takes effect; and
is taken in such a case to appoint the date of publication or notification of the Order or the date on which the modification of the text takes effect, whichever is the later.
An Order under subsection (1)(b) has effect only if published or notified before the end of 2 months after the date of the modification.
Subsection (1)(b) ceases to apply to the modification if a further Order so provides.
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.
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