299Meaning of commencement date

299 Meaning of commencement date

(1) In this Division—

commencement date, in relation to an allocation statement, or property, rights or liabilities allocated under an allocation statement, means—

(a) if the direction under section 300(1) is given before the transfer date—the transfer date; or

(b) if the direction under section 300(1) is given after the transfer date—the date fixed by the VMIA Minister under subsection (2) for the purposes of the direction.

(2) The VMIA Minister, by order published in the Government Gazette, may fix a date that is after the transfer date for the purposes of subsection (1)(b).

S. 300 inserted by No. 17/2025 s. 10.