(1) Subject to this section, this Act commences on the later of the following days (or either of them if they are the same):

(a)

the first day after the end of the period of 12 months beginning on the day on which this Act receives the Royal Assent;

(b)

1 July 2001.

(2) Schedule 3 commences on the day on which this Act receives the Royal Assent.