sec.68Existing gross value royalty decision

sec.68 Existing gross value royalty decision

This section applies if— before the commencement, the revenue commissioner made a gross value royalty decision under section 63(2) of the expired regulation; and immediately before the commencement— if the gross value royalty decision applied for a period as mentioned in section 63(5)(c) of the expired regulation—the period had not ended; or otherwise—the gross value royalty decision was still in effect. The decision is taken to be a gross value royalty decision made under section 38(2). The notice about the decision given under section 63(5) of the expired regulation is taken to be a notice given to the person under section 38(6). (sec.68-ssec.1) This section applies if— before the commencement, the revenue commissioner made a gross value royalty decision under section 63(2) of the expired regulation; and immediately before the commencement— if the gross value royalty decision applied for a period as mentioned in section 63(5)(c) of the expired regulation—the period had not ended; or otherwise—the gross value royalty decision was still in effect. (sec.68-ssec.2) The decision is taken to be a gross value royalty decision made under section 38(2). (sec.68-ssec.3) The notice about the decision given under section 63(5) of the expired regulation is taken to be a notice given to the person under section 38(6).

• (a) before the commencement, the revenue commissioner made a gross value royalty decision under section 63(2) of the expired regulation; and
• (b) immediately before the commencement— (i) if the gross value royalty decision applied for a period as mentioned in section 63(5)(c) of the expired regulation—the period had not ended; or (ii) otherwise—the gross value royalty decision was still in effect.
• (i) if the gross value royalty decision applied for a period as mentioned in section 63(5)(c) of the expired regulation—the period had not ended; or
• (ii) otherwise—the gross value royalty decision was still in effect.
• (i) if the gross value royalty decision applied for a period as mentioned in section 63(5)(c) of the expired regulation—the period had not ended; or
• (ii) otherwise—the gross value royalty decision was still in effect.