Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A proposed transfer day (the changing proposed transfer day ) becomes a later day if one of the following occurs:
(a) the Secretary is given a notice under subsection 16 - 2(8) no more than 28 days before the changing proposed transfer day;
(b) the Secretary issues the transferor and transferee a notice to resolve under section 16 - 4.
Note: This section may operate multiple times in respect of one transfer.
(2) Subject to subsection (3), the proposed transfer day becomes the 29th day after the changing proposed transfer day.
(3) However, if before the end of the 28th day after the changing proposed transfer day:
(a) the transferor and transferee agree, in writing, to another proposed transfer day that is later than the 29th day after the changing proposed transfer day; and
(b) the Secretary agrees, in writing, to the other proposed transfer day;
the other proposed transfer day becomes the proposed transfer day.