This Act is the Cheque Duty Repeal Act 2014.

(1) Sections 3 and 4 come into force on 1 July 2014.

(2) Section 5 comes into force on 22 July 2014.

(1) Repeal Part 6, other than sections 85 and 86, of the Stamp and Cheque Duties Act 1971.

(2) All licences and authorities granted or issued by the Commissioner of Inland Revenue under Part 6 of the Stamp and Cheque Duties Act 1971 are cancelled and cease to have any force or effect on and after 1 July 2014.

(3) All agreements under section 80 of the Stamp and Cheque Duties Act 1971 are terminated on 1 July 2014.

(4) [Repealed]

(5) [Repealed]

(6) In section 85(1) of the Stamp and Cheque Duties Act 1971,––

• (a) in paragraph (c), replace “have been” with “have been, before 1 July 2014,”; and

• (b) replace “he” with “the Commissioner” in both places in which it appears; and

• (c) replace “made in writing within 8 years” with “made in writing before 22 July 2014 and within 8 years”; and

• (d) replace “destruction” with “destruction before 1 July 2014”.

(1) Repeal sections 144(1)(f) and (g), (2), and (6) of the Tax Administration Act 1994.

(2) [Repealed]

(1) Repeal sections 3(4) and (5), and 4(2) of this Act.

(2) Repeal sections 2, 85 and 86 of the Stamp and Cheque Duties Act 1971.

(3) In section 86F of the Stamp and Cheque Duties Act 1971, insert, in the appropriate alphabetical order:

(4) Repeal sections 144 and 184A(5)(d) of the Tax Administration Act 1994.