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CONSOLIDATED NEWFOUNDLAND AND LABRADOR REGULATION 1130/96

School Tax Winding Up Regulations
under the
School Tax Authorities Winding Up Act
(O.C. 96-876)

Amended by:

73/04

CONSOLIDATED NEWFOUNDLAND AND LABRADOR REGULATION 1130/96

School Tax Winding Up Regulations
under the
School Tax Authorities Winding Up Act
(O.C. 96-876)

Under the authority of section 8 of the School Tax Authorities Winding Up Act and the Subordinate Legislation Revision and Consolidation Act , the Lieutenant-Governor in Council makes the following regulations.

REGULATIONS

Analysis



Short title

        1. These regulations may be cited as the School Tax Winding Up Regulations .

199/92 s1

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Forgiveness of remaining portion

        2. Where a person pays all arrears of school tax assessed for years before 1992, and half of the school tax assessed for 1992, not later than January 31, 1993 , the remaining portion of the 1992 tax assessment shall be forgiven.

199/92 s2

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Interest on sum due

        3. Interest shall be levied upon a sum due to be paid under the Act at the rate of 1.2% compounded per month, or part of a month, from November 1, 1992 to the date of payment.

73/04 s1

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Repeal

        4. The School Tax Winding Up Regulations, 1992, Newfoundland Regulation 199/92, are repealed.