(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(2) Subject to subsection ( 3), Part 1 of Schedule 1 commences on a day to be fixed by Proclamation.
(3) If Part 1 of Schedule 1 does not commence under subsection ( 2) within the period of 6 months beginning on the day on which this Act receives the Royal Assent, it commences on the first day after the end of that period.
(4) Items 4 and 5 of Schedule 4 commence, or are taken to have commenced, immediately after the commencement of Schedule 3 to the Taxation Laws Amendment Act (No. 5) 2001 .
(4A) Items 10 and 11 of Schedule 5 commence immediately after the commencement of item 9A of that Schedule.
(4B) Items 4A and 4B of Schedule 6 commence immediately after the commencement of item 4 of that Schedule.
(4C) Item 4C of Schedule 6 commences:
(a) if Schedule 1 to the Taxation Laws Amendment Act (No. 5) 2001 commences before the day on which this Act receives the Royal Assent--immediately after the commencement of item 4B of Schedule 6 to this Act; or
(b) if paragraph ( a) does not apply--immediately after the commencement of Schedule 1 to that Act.
(5) Item 5 of Schedule 6 commences:
(a) if Schedule 1 to the Taxation Laws Amendment Act (No. 5) 2001 commences before the day on which this Act receives the Royal Assent--immediately after the commencement of item 4 of Schedule 6 to this Act; or
(b) if paragraph ( a) does not apply--immediately after the commencement of Schedule 1 to that Act.