25 of 2014 encouragement of development (amendment) ordinance 2014

TURKS AND CAICOS ISLANDS ENCOURAGEMNT OF DEVELOPMENT (AMENDMENT) ORDINANCE 2014 (Ordinance 25 of 2014)

ARRANGEMENT OF SECTIONS SECTION

1.

2.

3.

4.

5.

Short title and commencement Interpretation Section 2 amended Section 6 amended Section 14 amended

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TURKS AND CAICOS ISLANDS

ENCOURAGEMNT OF DEVELOPMENT (AMENDMENT) ORDINANCE 2014 (Ordinance 25 of 2014) Assent …………………………………………….19th December 2014 Publication in Gazette………………………….24th December 2014 Commencement………………………in accordance with section 1

AN ORDINANCE TO AMEND DEVELOPMENT ORDINANCE

THE

ENCOURAGEMENT

OF

ENACTED by the Legislature of the Turks and Caicos Islands.

Short title and commencement 1. (1) This Ordinance may be cited as the Encouragement of Development (Amendment) Ordinance 2014 and shall, except for section 3, come into operation on the date of publication in the Gazette.

(2) Section 3 shall come into operation on the date of commencement of the Invest Turks and Caicos Islands Agency Ordinance 2014.

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Interpretation 2. In this Ordinance the “principal Ordinance” means the Encouragement of Development Ordinance.

Section 2 amended 3. Section 2 of the principal Ordinance is amended by repealing the definition of Agency, and substituting with— ““Agency” means the Invest Turks and Caicos Islands Agency established under the Invest Turks and Caicos Islands Agency Ordinance;”.

Section 6 amended 4. Section 6 is amended by repealing the words “thirty-five years” wherever they appear, and substituting with the words “fifteen years”.

Section 14 amended 5. Section 14 is amended by— (a) repealing the words “on summary conviction” and substituting with “conviction on indictment”; (b) repealing the words “$1,000” and substituting with “$100,000”; and (c) repealing the words “six months” and substituting with “three years”.

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