Document ID: chunk:federal_register_of_legislation:C2024A00072:clause:1_5
Version: federal_register_of_legislation:C2024A00072
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 3497–4378

5  Transitional provisions
(1) Section 6AA of the Excise Tariff Act 1921 (as in force immediately before 1 September 2023) is taken to have had no effect in relation to each transitional indexation day.
(2) Instead, the tobacco duty rate is replaced under section 6AA of the Excise Tariff Act 1921 in relation to each transitional indexation day in accordance with that section, as amended by this Schedule.
(3) The applicable rate, within the meaning of section 6AAB of the Excise Tariff Act 1921, on a day on or after 1 September 2023 is to be worked out under that Act, as amended by this Schedule.
(4) In this item:
transitional indexation day means:
 (a) 1 September 2023; and
 (b) if this Act receives the Royal Assent on or after 1 March 2024—1 March 2024.

[Minister's second reading speech made in—
House of Representatives on 20 March 2024
Senate on 14 May 2024]
(27/24)