SCHEDULES

SCHEDULE 7Remittance basis: exempt property

5

1

Section 809Z (public access rule: general) is amended as follows.

2

In subsection (1), for “A to D” substitute “ B and C ”.

3

Omit subsection (2).

4

After subsection (8) insert—

8A

But if the property is lost or stolen—

a

the relevant period ends with the time at which it is lost or stolen, and

b

a new relevant period begins with its importation or the time at which it is recovered.

5

Omit subsection (10).