(1) This Act may be cited as the Finance Act 1994.
(2) Except as provided in subsection (3), this Act shall come into force on the day on which it receives the Royal assent.
(3) Subject to subsection (4), sections 5 to 7 shall come into force on a day to be appointed by the Governor-General by Order in Council; and 1 or more Orders in Council may be made bringing different sections into force on different days.
(4) A day may be appointed pursuant to subsection (3) bringing section 6 or section 7 into force only if the Governor-General is satisfied, at the time of the making of the Order in Council, that at least 50% of the shares in GCS Limited are no longer held by Ministers of the Crown on behalf of the Crown.
Section 1(3): section 5 brought into force, on 18 November 1994, by the Finance Act Commencement Order 1994 (SR 1994/253).
Section 1(3): sections 6 and 7 brought into force, on 29 December 1994, by the Finance Act Commencement Order (No 2) 1994 (SR 1994/266).
Section 1(3): amended, on 1 April 2005 (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).
Section 1(5): repealed, on 1 April 2005 (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).