CONSOLIDATED NEWFOUNDLAND 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

1. Short title

2. Forgiveness of remaining portion

3. Interest on sum due

4. Repeal

Short title

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

199/92 s1

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

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% per month, or part of a month, from November 1, 1992 to the date of payment.

199/92 s3

Repeal

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 The School Tax Winding Up Regulations, 1992, Newfoundland Regulation 199/92, are repealed.