17Land Tax Management Act 1956 No 26

17 Land Tax Management Act 1956 No 26

17 Land Tax Management Act 1956 No 26

(1) In the Land Tax Management Act 1956 before its amendment by Schedule 6.13 to the Co-operative Housing and Starr-Bowkett Societies Act 1998:

(a) the reference in section 10G (1) (a) to a “permanent building society registered under the Permanent Building Societies Act 1967” is to be construed as a reference to a body corporate that was registered as a building society under the Financial Institutions (NSW) Code immediately before the transfer date, and

(b) the reference in section 10G (1) (b) to an “association registered under the Permanent Building Societies Act 1967” is to be construed as a reference to a body corporate that was registered as an association under the Financial Institutions (NSW) Code immediately before the transfer date.

(2) In section 10G (1) of the Land Tax Management Act 1956 after its amendment by Schedule 6.13 to the Co-operative Housing and Starr-Bowkett Societies Act 1998, the reference in the definition of building society to a “building society, or an association of building societies, registered under the Financial Institutions (NSW) Code” is to be construed as a reference to a body corporate that was registered as a building society or an association of building societies under the Financial Institutions (NSW) Code immediately before the transfer date.

Note—

Subclause (1) will apply to section 10G of the Land Tax Management Act 1956 before the amendments to the definition of building society in that section by the Co-operative Housing and Starr-Bowkett Societies Act 1998 commence, and will cease to apply when those amendments take effect. Subclause (2) will apply to section 10G once those amendments take effect.