Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 2) 1987No. 62, 1987 - SECT 2

2. (1) Subject to this section, this Act shall come into operation on the day
on which it receives the Royal Assent.

(2) Parts II and III shall be deemed to have come into operation on 1 January
1987.

(3) If the Taxation Laws Amendment Act 1987 has not commenced before the day
on which this Act receives the Royal Assent, section 45 of this Act shall come
into operation on the date of commencement of that Act.

(4) Sections 36 to 43 (inclusive) shall come into operation, or be deemed to
have come into operation, immediately after the commencement of section 1 of
the Taxation Laws Amendment (Company Distributions) Act 1987.

(5) Part V shall be deemed to have come into operation on 1 July 1986.

(6) Subject to subsection (7), Part VII shall come into operation on the
commencement of Part VIII of the Cheques and Payment Orders Act 1986.

(7) Subsection 57 (1) and the amendments of the Bank Account Debits Tax 
Administration Act 1982 made by Part VII inserting the definition of "account
transaction" in subsection 3 (1) of that Act and inserting sections 3A and 3B
in that Act shall be deemed to have come into operation on 6 May 1987.

(8) Part VIII shall come into operation on a day, or respective days, to be
fixed by Proclamation.