Commencement of finance legislation specifies retrospective operation for most sections while preserving sectional exceptions. Commencement provisions name the Finance Act, 1988 and provide that, except as otherwise provided in the Act, specified ranges of sections are to be ... Summary
Commencement of finance legislation specifies retrospective operation for most sections while preserving sectional exceptions.
Commencement provisions name the Finance Act, 1988 and provide that, except as otherwise provided in the Act, specified ranges of sections are to be deemed to have come into force on an earlier fiscal date; the clause preserves the Act's power to specify different commencement dates for particular provisions.
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