This note is not part of the order, but is intended to indicate its general effect.
Section 6 of the State Insurance Act 1990 provides that on a date to be appointed by the Governor-General by Order in Council, the State Insurance undertaking shall vest in State Insurance Limited. This order appoints 28 June 1990 as the date on which the State Insurance undertaking shall vest in that company.
A consequence of the order is that sections 22, 23, and 24 of that Act come into force on that date.
Section 22 repeals section 208(2) of the Income Tax Act 1976 which provides that the State Insurance General Manager is liable to income tax in the same manner as a company to which subsection (1) of that section applies.
Section 23 makes consequential amendments to the enactments specified in Schedule 1 of the State Insurance Act 1990.
Section 24 repeals the enactments specified in Schedule 2 of that Act.