Clause 5
Amendment of section 86
of Variable Capital Companies (Miscellaneous Amendments) Bill
BillNot in forceProvision 4 of 68
Clause 5
Section 86 of the GST Act is amended by inserting, immediately after subsection (4), the following subsection:“(5) For a period of 2 years starting on the date of commencement of Part 1 of the Variable Capital Companies (Miscellaneous Amendments) Act 2019, the Minister may make regulations to prescribe further modifications to the provisions of this Act in their application to VCCs, umbrella VCCs and sub‑funds.”.