Following our previous updates on the progress of this Bill, we can report that:
- The Bill and the Regulations were gazetted on Friday 27 July 2012.
- It is anticipated the Act will be proclaimed on 1 August 2012.
- The Act and the Regulations have retrospective effect and will apply with effect from 1 October 2011.
The Act will comprise two pages and the Regulations three pages.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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