Section 431 — Building Act 2004: Transitional provision for rate of building levy under this Act

431 Transitional provision for rate of building levy under this Act (1) Despite section 53(2)(a)(ii) , the building levy must, during the period specified in subsection (2) , be calculated at the rate set out in clause 2 of the Building Industry Authority Levy Order 1995. (2) The period is the period that— (a) begins on the commencement of Part 2 ; and (b) ends on the commencement of the first Order in Council that sets the prescribed rate of the building levy.