(1) For the purposes of this Subdivision, each of the following is an assessment period :
(a) the period of 12 months starting on the day determined in writing by the Minister for the purposes of this paragraph;
(b) each period of 12 months starting on an anniversary of the day so determined.
(2) The Minister must make a determination under paragraph (1)(a) within 3 months after the commencement of this section. The day so determined must not be more than 12 months after that commencement.
(3) A determination under paragraph (1)(a) is a legislative instrument, but section 42 (disallowance) of the Legislation Act 2003 does not apply to the determination.
Note: Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 does not apply to the determination. See regulations made for the purposes of paragraph 54(2)(b) of that Act.