Commonwealth Consolidated Acts Commonwealth Consolidated ActsAct No. 99 of 1992 as amended
This compilation was prepared on 4 October 2007
taking into account amendments up to Act No. 164 of 2007
The text of any of those
amendments not in force
on that date is appended in the Notes section
The operation of amendments that
have been incorporated may be
affected by application provisions that are set out in the Notes section
Prepared by the Office of
Legislative Drafting and Publishing,
Attorney‑General's Department,
Canberra
Contents
1............ Short title [see Note 1] ....................................................................... 1
2............ Commencement [see Note 1] .............................................................. 1
2A......... Application of the Criminal Code ...................................................... 1
Chapter 3--Infrastructure borrowings 2
Part 1--Preliminary 2
93A....... Object ................................................................................................. 2
93B....... Simplified outline of scheme of Chapter ............................................ 2
93C....... Example of how this Chapter works .................................................. 3
Part 2--Interpretation: Infrastructure borrowings etc. 5
93D....... Interpretation ...................................................................................... 5
93E........ Kinds of infrastructure borrowing ...................................................... 9
93F........ Direct infrastructure borrowing ........................................................ 10
93G....... Indirect infrastructure borrowing ...................................................... 10
93H....... Refinancing infrastructure borrowing ............................................... 10
93I......... Infrastructure borrowings--borrower requirements ......................... 11
93J........ Direct infrastructure borrowing--requirement relating to spending of borrowed money 15
93K....... Direct infrastructure borrowing--requirement relating to use or sale of facilities on which borrowed money is to be spent ................................................................................................. 17
93L........ Infrastructure facilities ...................................................................... 18
93M...... Related facilities ................................................................................ 21
Part 3--Certificates 23
Division 1--Issue, variation and transfer etc. 23
93N....... Application for certificate ................................................................ 23
93O....... Criteria for issuing certificate ............................................................ 24
93P........ Undertaking to comply with certificate conditions .......................... 25
93PA..... Termination of certificate issue provisions ...................................... 26
93Q....... Form of certificate etc. ...................................................................... 26
93R....... Conditions applying to certificate .................................................... 27
93S........ Application for variation of conditions applying to a certificate ..... 29
93T....... Criteria for variation of conditions applying to a certificate ............ 29
93TA.... Conditions not to be varied if total tax payable reduced .................. 29
93TB..... Reconsideration of pre‑commencement variations ........................... 30
93U....... Transfer of certificate ....................................................................... 31
93V....... Criteria for transfer of certificate ...................................................... 31
93W...... Undertaking to comply with certificate conditions .......................... 32
93X....... Provisions relating to applications under this Division .................... 33
Division 2--Cancellation 35
93Z....... Cancellation or termination--failure to comply with request to give information or provide report 35
93ZA.... Cancellation--false or misleading statements etc. ............................ 35
93ZAA. Cancellation of certificate that applies to an indirect infrastructure borrowing etc.--holder ceases to be a resident .......................................................................................................... 36
93ZAB.. Cancellation of certificate that applies to an indirect infrastructure borrowing--transfer of rights etc. 38
93ZAC.. Cancellation of certificate that applies to an indirect infrastructure borrowing--total repayment of related direct infrastructure borrowing ................................................................... 39
93ZAD. Cancellation of certificate that applies to an indirect infrastructure borrowing--partial repayment of related direct infrastructure borrowing ................................................................... 39
93ZB..... Cancellation for contravention of conditions applying to certificate etc. 40
Part 4--Provision of information to DAA 42
93ZC..... DAA may request person to give information or produce documents etc. 42
93ZD.... How DAA may deal with documents etc. produced by person ...... 42
93ZE..... Certificate holder to provide annual progress reports ...................... 43
Part 5--Provision of information by DAA to Commissioner of Taxation 44
93ZF..... Provision of information to Commissioner of Taxation ................... 44
Part 6--DAA's power to facilitate issue or transfer of certificate 45
93ZG.... DAA's powers to facilitate issue or transfer of certificate .............. 45
Chapter 4--General 46
Part 1--Interpretation 46
93AA.... Interpretation .................................................................................... 46
Part 2--Development Allowance Authority 47
94.......... Creation of single‑person statutory office of Development Allowance Authority 47
95.......... Appointment of DAA ...................................................................... 47
96.......... DAA may be full‑time or part‑time ................................................. 47
97.......... DAA's term of office ....................................................................... 47
99.......... Person may hold both the office of DAA and the office of Commissioner of the Industry Commission 47
101........ DAA's terms and conditions of appointment .................................. 47
102........ DAA's remuneration and allowances ............................................... 47
103........ Full‑time DAA's leave of absence .................................................... 48
104........ Resignation of DAA ......................................................................... 48
105........ Termination of appointment of DAA .............................................. 48
106........ Acting DAA ..................................................................................... 49
107........ Conflict of interest ............................................................................ 49
Part 3--Administration 52
108........ Delegation by DAA .......................................................................... 52
109........ Consultants ....................................................................................... 52
110........ Commonwealth authorities may assist DAA ................................... 52
Part 4--Protection of commercial‑in‑confidence information 53
111........ Application for protection of commercial‑in‑confidence information 53
112........ DAA may declare that information is to be treated as commercial‑in‑confidence information 53
113........ DAA may revoke declaration ........................................................... 54
114........ Commercial‑in‑confidence information must not be disclosed ......... 56
Part 5--Reports by DAA 58
115........ Quarterly reports by DAA .............................................................. 58
116........ Periodic reports by DAA ................................................................. 58
117........ Annual report ................................................................................... 58
118........ Reports to deal with ancillary provisions of the Taxation Administration Act 1953 59
Part 6--Review of decisions 60
119........ Reconsideration of reviewable decisions .......................................... 60
120........ Review of decisions by Administrative Appeals Tribunal .............. 60
121........ Statements to accompany notification of decisions ......................... 61
Part 7--Miscellaneous 62
122........ Giving of documents to partnerships ............................................... 62
122A..... Certified copies of documents .......................................................... 62
123........ Regulations ....................................................................................... 62
Notes 63
Notes to
the
Development Allowance Authority Act 1992 Note 1 The Development Allowance Authority Act 1992 as shown
in this compilation comprises Act No. 99, 1992 amended as indicated in the
Tables below. All relevant information pertaining to application, saving or
transitional provisions prior to 19 December 1996 is not included in this
compilation. For subsequent information see Table A. Table of Acts
|
Act |
Number |
Date |
Date of commencement |
Application, saving or transitional provisions |
|
99, 1992 |
30 June 1992 |
30 June 1992 |
|
|
|
129, 1992 |
24 Oct 1992 |
Ss. 1, 2 and 37: Royal Assent |
-- |
|
|
Radiocommunications (Transitional Provisions and Consequential Amendments) Act 1992 |
167, 1992 |
11 Dec 1992 |
1 July 1993 |
-- |
|
2, 1994 |
18 Jan 1994 |
18 Jan 1994 |
-- |
|
|
Taxation Laws Amendment (Infrastructure Borrowings) Act 1994 |
163, 1994 |
16 Dec 1994 |
16 Dec 1994 |
-- |
|
181, 1994 |
19 Dec 1994 |
Schedule 1 (items 22-85): 13 Oct 1994 |
Sch. 6 (items 1, 9) |
|
|
169, 1995 |
16 Dec 1995 |
Schedule 1 (items 15, 16): Royal Assent (b) |
Sch. 1 |
|
|
78, 1996 |
19 Dec 1996 |
Schedule 3 (items 1-10): 30 Oct 1995 (c) |
Sch. 3 |
|
|
39, 1997 |
17 Apr 1997 |
1 July 1997 |
-- |
|
|
Taxation Laws Amendment (Infrastructure Borrowings) Act 1997 |
104, 1997 |
30 June 1997 |
30 June 1997 |
-- |
|
121, 1997 |
8 July 1997 |
S. 4: Royal Assent (d) |
S. 4 [see Table A] |
|
|
Productivity Commission (Repeals, Transitional and Consequential Amendments) Act 1998 |
15, 1998 |
16 Apr 1998 |
16 Apr 1998 |
-- |
|
Public Employment (Consequential and Transitional) Amendment Act 1999 |
146, 1999 |
11 Nov 1999 |
Schedule 1 (items 387‑389): 5 Dec 1999 (see Gazette 1999, No. S584) (e) |
-- |
|
34, 2000 |
3 May 2000 |
31 May 2000 |
-- |
|
|
Treasury Legislation Amendment (Application of Criminal Code) Act (No. 2) 2001 |
146, 2001 |
1 Oct 2001 |
S. 4 and Schedule 4 (items 1, 2): 15 Dec 2001 (f) |
S. 4 [see Table A] |
|
Abolition of Compulsory Age Retirement (Statutory Officeholders) Act 2001 |
159, 2001 |
1 Oct 2001 |
29 Oct 2001 |
Sch. 1 (item 97) [see Table A] |
|
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 |
101, 2006 |
14 Sept 2006 |
Schedule 2 (items 47, 48) and Schedule 6 (items 1, 6-11): Royal Assent |
Sch. 6 (items 1, |
|
Tax Laws Amendment (2007 Measures No. 5) Act 2007 |
164, 2007 |
25 Sept 2007 |
Schedule 1 (items 25, 26): Royal Assent |
-- |
(a) Subsection 2(2) of the Development Allowance Authority Amendment Act 1992 provides as follows:
(2) The remaining provisions of this Act are taken to have commenced immediately after the commencement of the Development Allowance Authority Act 1992.
The Development Allowance Authority Act 1992 came into operation on 30 June 1992.
(b) The Development Allowance Authority Act 1992 was amended by the Taxation Laws Amendment Act (No. 2) 1995, subsections 2(1) and (4) of which provide as follows:
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(4) Part 1 of Schedule 10 is taken to have commenced immediately after the commencement of the Taxation Laws Amendment (Infrastructure Borrowings) Act 1994.
The Taxation Laws Amendment (Infrastructure
Borrowings) Act 1994 came into operation on
16 December 1994.
(c) The Development Allowance Authority Act 1992 was amended by the Taxation Laws Amendment Act (No. 3) 1996, subsection 2(3) of which provides as follows:
(3) Schedule 3 is taken to have commenced on 30 October 1995.
(d) The Development Allowance Authority Act 1992 was amended by section 4 and Schedule 3 (items 66 and 67) only of the Tax Law Improvement Act 1997, subsections 2(1)‑(3) of which provide as follows:
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(2) Schedule 1 commences on 1 July 1997 immediately after the commencement of the Income Tax Assessment Act 1997.
(3) Each of the other Schedules (except Schedule 12) commences immediately after the commencement of the immediately preceding Schedule.
(e) The Development
Allowance Authority Act 1992 was amended by Schedule 1 (items
387-389) only of the Public Employment (Consequential and Transitional)
Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:
(1) In this Act, commencing time means the time when the Public Service Act 1999 commences.
(2) Subject to this section, this Act commences at the commencing time.
(f) The Development Allowance Authority Act 1992 was amended by Schedule 4 (items 1 and 2) only of the Treasury Legislation Amendment (Application of Criminal Code) Act (No. 2) 2001, subsection 2(1) of which provides as follows:
(1) Subject to this section, this Act commences on the day mentioned in subsection 2.2(2) of the Criminal Code.
Table of Amendments
|
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted |
|
|
Provision affected |
How affected |
|
Chapter 1 |
|
|
Heading to Part 1 ................ |
rep. No. 163, 1994 |
|
Heading to Chapt. 1 ............ |
ad. No. 163, 1994 |
|
S. 2A .................................. |
ad. No. 146, 2001 |
|
Heading to Chapt. 2 ............ |
ad. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
Chapt. 2............................... ............................................ |
rep. No. 101, 2006 |
|
S. 3 ..................................... |
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 4 ..................................... |
am. No. 129, 1992; Nos. 2 and 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 5 ..................................... |
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 6 ..................................... |
am. Nos. 129 and 167, 1992; Nos. 2 and 163, 1994; No, 34, 2000 |
|
|
rep. No. 101, 2006 |
|
Ss. 7, 8 ............................... |
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 9 ..................................... |
am. No. 129, 1992; No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 10, 11 ........................... |
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
Heading to s. 12.................. |
am. No. 34, 2000 |
|
|
rep. No. 101, 2006 |
|
S. 12.................................... |
am. No. 163, 1994, No. 34, 2000 |
|
|
rep. No. 101, 2006 |
|
Heading to Div. 2 of Part 2 . |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 13 ................................... |
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 13A ................................ |
ad. No. 129, 1992 |
|
|
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 14 ................................... |
am. No. 129, 1992; No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 14A ................................ |
ad. No. 129, 1992 |
|
|
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 15 ................................... |
am. Nos. 2 and 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 16 ................................... |
am. No. 163, 1994; No. 15, 1998 |
|
|
rep. No. 101, 2006 |
|
Ss. 17-19 ........................... |
am. No. 129, 1992; No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 20 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 21 ................................... |
am. No. 129, 1992; No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 22 ................................... |
am. No. 129, 1992; No. 163, 1994; No. 39, 1997 |
|
|
rep. No. 101, 2006 |
|
S. 23.................................... |
rep. No. 101, 2006 |
|
Ss. 24, 25 ........................... |
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
Div. 11 of Part 2 ................. |
ad. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 25A ................................ |
ad. No. 129, 1992 |
|
|
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
Div. 12 of Part 2.................. |
ad. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 25B ................................ |
ad. No. 129, 1992 |
|
|
am. No. 163, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 26.................................... |
rep. No. 101, 2006 |
|
S. 27 ................................... |
am. No. 2, 1994 |
|
|
rep. No. 101, 2006 |
|
S. 28 ................................... |
am. No. 129, 1992; No. 181, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 29, 30............................ |
rep. No. 101, 2006 |
|
Ss. 31, 32 ........................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 33-36............................ |
rep. No. 101, 2006 |
|
S. 37 ................................... |
am. No. 129, 1992; No. 181, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 38, 39............................ |
rep. No. 101, 2006 |
|
S. 40 ................................... |
am. No. 2, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 41, 42 ........................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 43 ................................... |
am. No. 129, 1992; No. 181, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 44, 45............................ |
rep. No. 101, 2006 |
|
S. 46 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 47.................................... |
rep. No. 101, 2006 |
|
Ss. 48, 49 ........................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 50 ................................... |
am. No. 181, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 51, 52............................ |
rep. No. 101, 2006 |
|
S. 53 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 54, 55............................ |
rep. No. 101, 2006 |
|
S. 56 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 57, 58............................ |
rep. No. 101, 2006 |
|
S. 59 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 60 ................................... |
am. No. 181, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 61, 62............................ |
rep. No. 101, 2006 |
|
S. 63 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 64, 65............................ |
rep. No. 101, 2006 |
|
S. 66 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 67, 68............................ |
rep. No. 101, 2006 |
|
S. 69 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 70 ................................... |
am. No. 181, 1994 |
|
|
rep. No. 101, 2006 |
|
Ss. 71, 72............................ |
rep. No. 101, 2006 |
|
S. 73 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 74, 75............................ |
rep. No. 101, 2006 |
|
S. 76 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
S. 77.................................... |
rep. No. 101, 2006 |
|
S. 78 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 79-85............................ |
rep. No. 101, 2006 |
|
S. 86 ................................... |
am. No. 129, 1992 |
|
|
rep. No. 101, 2006 |
|
Ss. 87-93............................ |
rep. No. 101, 2006 |
|
Chapter 3 |
|
|
Chapt. 3............................... |
ad. No. 163, 1994 |
|
Part 1 |
|
|
Part 1 .................................. |
ad. No. 163, 1994 |
|
Ss. 93A, 93B ...................... |
ad. No. 163, 1994 |
|
|
am. No. 104, 1997 |
|
S. 93C................................. |
ad. No. 163, 1994 |
|
Part 2 |
|
|
Part 2 .................................. |
ad. No. 163, 1994 |
|
S. 93D ................................ |
ad. No. 163, 1994 |
|
|
am. No. 169, 1995; No. 78, 1996; Nos. 104 and 121, 1997; No. 101, 2006 |
|
Ss. 93E-93H ...................... |
ad. No. 163, 1994 |
|
S. 93I .................................. |
ad. No. 163, 1994 |
|
|
am. No. 78, 1996 |
|
S. 93J ................................. |
ad. No. 163, 1994 |
|
S. 93K ................................ |
ad. No. 163, 1994 |
|
|
am. No. 169, 1995 |
|
Ss. 93L, 93M ...................... |
ad. No. 163, 1994 |
|
Part 3 |
|
|
Part 3 .................................. |
ad. No. 163, 1994 |
|
Division 1 |
|
|
Ss. 93N-93P ...................... |
ad. No. 163, 1994 |
|
|
am. No. 104, 1997 |
|
S. 93PA............................... |
ad. No. 104, 1997 |
|
S. 93Q................................. |
ad. No. 163, 1994 |
|
S. 93R................................. |
ad. No. 163, 1994 |
|
|
am. No. 164, 2007 |
|
S. 93S................................. |
ad. No. 163, 1994 |
|
S. 93T.................................. |
ad. No. 163, 1994 |
|
|
am. No. 104, 1997 |
|
Ss. 93TA, 93TB................... |
ad. No. 104, 1997 |
|
Ss. 93U-93W...................... |
ad. No. 163, 1994 |
|
S. 93X................................. |
ad. No. 163, 1994 |
|
|
am. No. 104, 1997 |
|
S. 93Y................................. |
ad. No. 163, 1994 |
|
|
rep. No. 104, 1997 |
|
Division 2 |
|
|
S. 93Z................................. |
ad. No. 163, 1994 |
|
S. 93ZA .............................. |
ad. No. 163, 1994 |
|
Ss. 93ZAA-93ZAD ............ |
ad. No. 78, 1996 |
|
S. 93ZB ............................. |
ad. No. 163, 1994 |
|
|
am. No. 78, 1996 |
|
Part 4 |
|
|
Part 4 .................................. |
ad. No. 163, 1994 |
|
Ss. 93ZC-93ZE .................. |
ad. No. 163, 1994 |
|
Part 5 |
|
|
Part 5 .................................. |
ad. No. 163, 1994 |
|
S. 93ZF .............................. |
ad. No. 163, 1994 |
|
Part 6 |
|
|
Part 6 .................................. |
ad. No. 163, 1994 |
|
S. 93ZG .............................. |
ad. No. 163, 1994 |
|
Chapter 4 |
|
|
Heading to Part 11 .............. |
rep. No. 163, 1994 |
|
Heading to Chapt. 4 ............ |
ad. No. 163, 1994 |
|
Part 1 |
|
|
Heading to Part 1 of ........... |
ad. No. 163, 1994 |
|
S. 93AA ............................. |
ad. No. 163, 1994 |
|
Part 2 |
|
|
Heading to Part 2 of ........... |
ad. No. 163, 1994 |
|
S. 98 ................................... |
rep. No. 163, 1994 |
|
S. 100 ................................. |
rep. No. 159, 2001 |
|
S. 103 ................................. |
am. No. 146, 1999 |
|
S. 106 ................................. |
am. No. 163, 1994 |
|
S. 107 ................................. |
am. No. 146, 1999 |
|
Part 3 |
|
|
Heading to Part 12 |
|
|
S. 108 ................................. |
am. No. 146, 1999 |
|
Part 4 |
|
|
Heading to Part 13 |
|
|
S. 111 ................................. |
am. No. 163, 1994 |
|
S. 113 ................................. |
am. No. 163, 1994 |
|
S. 114 ................................. |
am. No. 163, 1994; No. 146, 2001 |
|
Part 5 |
|
|
Heading to Part 14 |
|
|
S. 115 ................................. |
am. No. 163, 1994 |
|
S. 117 ................................. |
am. No. 163, 1994 |
|
Part 6 |
|
|
Heading to Part 15 |
|
|
S. 119 ................................. |
am. No. 163, 1994 |
|
S. 121 ................................. |
am. No. 163, 1994 |
|
Part 7 |
|
|
Heading to Part 16 |
|
|
S. 122A .............................. |
ad. No. 129, 1992 |
Table A
Application, saving or transitional provisions
Taxation Laws Amendment Act (No. 3) 1996 (No. 78, 1996)
Schedule 3
10 Application of amendments
(1) Subsections 93I(4A), (4B) and (4C) and section 93ZAA of the Development Allowance Authority Act 1992 as amended by this Schedule apply to an indirect infrastructure borrowing or a refinancing infrastructure borrowing, where a certificate in respect of the borrowing was issued on or after 30 October 1995.
(2) Sections 93ZAB, 93ZAC and 93ZAD of the Development Allowance Authority Act 1992 as amended by this Schedule apply to an indirect infrastructure borrowing, where a certificate in respect of the borrowing was issued on or after 30 October 1995.
Tax Law Improvement Act 1997 (No. 121, 1997)
4 Application of amendments
An amendment made by an item in a Schedule (except Schedule 1) applies to assessments for the 1997‑98 income year and later income years, unless otherwise indicated in that Schedule.
Treasury Legislation Amendment (Application of Criminal Code) Act (No. 2) 2001 (No. 146, 2001)
(1) Each amendment made by this Act applies to acts and omissions that take place after the amendment commences.
(2) For the purposes of this section, if an act or omission is alleged to have taken place between 2 dates, one before and one on or after the day on which a particular amendment commences, the act or omission is alleged to have taken place before the amendment commences.
Abolition of Compulsory Age Retirement (Statutory Officeholders) Act 2001 (No. 159, 2001)
Schedule 1
97 Application of amendments
The amendments made by this Schedule do not apply to an appointment if the term of the appointment began before the commencement of this item.
Tax Laws Amendment (Repeal of Inoperative Provisions)
Act 2006
(No. 101, 2006)
Schedule 6
1 Application of Schedule 1 and 2 amendments
Except as mentioned in items 2 and 3, the repeals and amendments made by Schedules 1 and 2 apply:
(a) so far as they affect assessments--to assessments for the 2006‑07 income year and all later income years; and
(b) otherwise--to acts done or omitted to be done, or states of affairs existing, after the commencement of the repeals and amendments.
6 Object
The object of this Part is to ensure that, despite the repeals and amendments made by this Act, the full legal and administrative consequences of:
(a) any act done or omitted to be done; or
(b) any state of affairs existing; or
(c) any period ending;
before such a repeal or amendment applies, can continue to arise and be carried out, directly or indirectly through an indefinite number of steps, even if some or all of those steps are taken after the repeal or amendment applies.
7 Making and amending assessments, and doing other things, in relation to past matters
Even though an Act is repealed or amended by this Act, the repeal or amendment is disregarded for the purpose of doing any of the following under any Act or legislative instrument (within the meaning of the Legislative Instruments Act 2003):
(a) making or amending an assessment (including under a provision that is itself repealed or amended);
(b) exercising any right or power, performing any obligation or duty or doing any other thing (including under a provision that is itself repealed or amended);
in relation to any act done or omitted to be done, any state of affairs existing, or any period ending, before the repeal or amendment applies.
Example 1: On 31 July 1999, Greg Ltd lodged its annual return under former section 160ARE of the Income Tax Assessment Act 1936. The return stated that the company had a credit on its franking account and that no franking deficit tax was payable for the 1998‑99 franking year. Under former section 160ARH of that Act, the Commissioner was taken to have made an assessment consistent with the return.
Following an audit undertaken after the repeal of Part IIIAA of that Act, the Commissioner concludes that Greg Ltd fraudulently overfranked dividends it paid during the 1998‑99 franking year, and had a franking account deficit for that franking year. As a result, the Commissioner considers that franking deficit tax and a penalty by way of additional tax are payable.
The Commissioner can amend the assessment under former section 160ARN of that Act, because item 7 of this Schedule disregards the repeal of that section for the purposes of making an assessment in relation to the 1998‑99 franking year. Item 7 will also disregard the repeal of Division 11 of former Part IIIAA to the extent necessary for the Commissioner to assess Greg Ltd's liability to a penalty by way of additional tax.
Despite the repeal of sections 160ARU and 160ARV, item 9 will ensure that the general interest charge will accrue on the unpaid franking deficit tax and penalty until they are paid.
Item 7 will also preserve Greg Ltd's right, under former section 160ART of that Act, to object against the Commissioner's amended assessment (including the penalty), since the objection is the exercise of a right in relation to a franking year that ended before the repeal of Part IIIAA.
Example 2: During the 1997‑98 income year, Duffy Property Ltd withheld amounts from its employees' wages as required by former Divisions 1AAA and 2 of Part VI of the Income Tax Assessment Act 1936. The company failed to notify the Commissioner of those amounts, and failed to remit them to the Commissioner.
Following an audit undertaken after the repeal of those Divisions, the Commissioner discovers that the withheld amounts have not been remitted. The company's records are incomplete and the Commissioner is unable to completely ascertain the extent of its liability for the withheld amounts. Under section 222AGA of that Act, the Commissioner makes an estimate of the liability.
Item 7 will disregard the repeal of section 220AAZA of that Act (which empowered the Commissioner to recover the amount of the estimate). Even though the estimate is made after the repeal, it relates to amounts withheld before the repeal.
8 Saving of provisions about effect of assessments
If a provision or part of a provision that is repealed or amended by this Act deals with the effect of an assessment, the repeal or amendment is disregarded in relation to assessments made, before or after the repeal or amendment applies, in relation to any act done or omitted to be done, any state of affairs existing, or any period ending, before the repeal or amendment applies.
9 Saving of provisions about general interest charge, failure to notify penalty or late reconciliation statement penalty
If:
(a) a provision or part of a provision that is repealed or amended by this Act provides for the payment of:
(i) general interest charge, failure to notify penalty or late reconciliation statement penalty (all within the meaning of the Income Tax Assessment Act 1936); or
(ii) interest under the Taxation (Interest on Overpayments and Early Payments) Act 1983; and
(b) in a particular case, the period in respect of which the charge, penalty or interest is payable (whether under the provision or under the Taxation Administration Act 1953) has not begun, or has begun but not ended, when the provision is repealed or amended;
then, despite the repeal or amendment, the provision or part continues to apply in the particular case until the end of the period.
10 Repeals disregarded for the purposes of dependent provisions
If the operation of a provision (the subject provision) of any Act or legislative instrument (within the meaning of the Legislative Instruments Act 2003) made under any Act depends to any extent on an Act, or a provision of an Act, that is repealed by this Act, the repeal is disregarded so far as it affects the operation of the subject provision.
11 Schedule does not limit operation of section 8 of the Acts Interpretation Act 1901
This Schedule does not limit the operation of section 8 of the Acts Interpretation Act 1901.