Contents

Part 1--Preliminary                                                                                                              1

1............ Short title [see Note 1] ........................................................................ 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ....................................................................................... 1

5............ Subsidiaries ......................................................................................... 2

6............ Operation of Act ................................................................................. 2

7............ Extension to external Territories .......................................................... 2

Part 2--Creation of capital structure and other steps prior to conversion of CSL into a public company                                                                                                                                         3

8............ Share capital of CSL ........................................................................... 3

9............ Issue of shares in CSL ........................................................................ 3

10.......... CSL to apply to be registered as company etc. .................................... 4

11.......... New name of CSL .............................................................................. 5

Part 3--Conversion of CSL into a public company                                          6

12.......... Effect of Part--summary .................................................................... 6

13.......... CSL taken to be registered under Companies Act ............................... 6

14.......... Memorandum and Articles of CSL ..................................................... 7

15.......... Membership of CSL ........................................................................... 7

16.......... Past members ...................................................................................... 7

19.......... Operation of section 25B of Acts Interpretation Act ........................... 8

Part 3A--National interest restrictions on CSL Limited                                9

Division 1--Purpose and interpretation                                                              9

19A....... Purpose ............................................................................................... 9

19B....... Interpretation ....................................................................................... 9

Division 2--Requirements regarding CSL's articles of association   14

19C....... CSL's articles of association to include certain provisions ................ 14

19D....... Inconsistent alteration to CSL's articles of association to have no effect   15

19E........ CSL to maintain a register of foreign-held voting shares .................. 15

19F........ Injunctions in relation to contraventions of a mandatory article or section 19E         16

19G....... Consent injunctions ........................................................................... 17

19H....... Interim injunctions ............................................................................ 17

19J........ Factors relevant to the grant of a restraining injunction ..................... 17

19K....... Factors relevant to the grant of a mandatory injunction ..................... 17

19L........ Undertaking as to damages not required ........................................... 18

19M...... Other orders ...................................................................................... 18

Division 3--Prohibition on disposal etc. of the Broadmeadows facility                 19

19N....... Declaration of Broadmeadows land .................................................. 19

19P........ Prohibition on disposal etc. of Broadmeadows facility ..................... 19

Division 4--Injunctions to ensure performance of plasma products contracts 21

19Q....... Injunction to ensure performance of plasma products contracts ........ 21

19R....... Consent injunctions ........................................................................... 22

19S........ Interim injunctions ............................................................................ 22

19T........ Factors relevant to the grant of a restraining injunction ..................... 22

19U....... Factors relevant to the grant of a mandatory injunction ..................... 23

19V....... Undertakings not required ................................................................. 24

19W...... Other orders ...................................................................................... 24

Division 5--Miscellaneous                                                                                        25

19X....... Delegation by Minister ...................................................................... 25

19Y....... Jurisdiction of courts ......................................................................... 25

19Z........ This Part to have effect despite the Corporations Act ........................ 25

19ZA..... Remedies under this Part to be additional remedies ........................... 25

Part 5--Staff matters                                                                                                          26

26.......... Employment of staff members continues after transition ................... 26

27.......... Act not to affect certain matters relating to staff members ................. 26

28.......... Effect of sections 26 and 27 .............................................................. 27

29.......... Variation of terms and conditions of employment ............................. 27

Part 6--Taxation matters                                                                                                 28

31.......... Interpretation ..................................................................................... 28

32.......... Exemptions relating to exempt matters .............................................. 28

33.......... Minister may certify in relation to exemptions .................................. 28

34.......... CSL taken to have had share capital for purposes of Income Tax Assessment Act   29

35.......... Treatment of acquisitions of transferring assets for purposes of Income Tax Assessment Act                 29

Part 7--Miscellaneous                                                                                                        31

36.......... CSL not public authority etc. ............................................................. 31

37.......... Judicial notice of CSL's seal ............................................................. 31

38.......... Compensation for acquisition of property ......................................... 31

41.......... Delegations ....................................................................................... 32

42.......... Regulations ....................................................................................... 32

Notes                                                                                                                                              33

An Act relating to the constitution of CSL as a public company, and for other purposes

  

Notes to the Commonwealth Serum Laboratories Act 1961

Note 1

The Commonwealth Serum Laboratories Act 1961 as shown in this compilation comprises Act No. 38, 1961 amended as indicated in the Tables below.

The Commonwealth Serum Laboratories Act 1961 was amended by the Workplace Relations Amendment (Work Choices) (Consequential Amendments) Regulations 2006 (No. 1) (SLI 2006 No. 50). The amendments are incorporated in this compilation.

The Commonwealth Serum Laboratories Act 1961 is affected by sections 42 and 46 of the CSL Sale Act 1993.

For application, saving or transitional provisions made by the Corporations (Repeals, Consequentials and Transitionals) Act 2001, see Act No. 55, 2001.

All relevant information pertaining to application, saving or transitional provisions prior to 22 June 1998 is not included in this compilation. For subsequent information see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Commonwealth Serum Laboratories Act 1961	38, 1961	2 June 1961	2 Nov 1961 (see Gazette 1961, p. 3729)
Statute Law Revision (Decimal Currency) Act 1966	93, 1966	29 Oct 1966	1 Dec 1966	--
Commonwealth Serum Laboratories Act 1970	42, 1970	24 June 1970	24 June 1970	--
Statute Law Revision Act 1973	216, 1973	19 Dec 1973	31 Dec 1973	Ss. 9(1) and 10
as amended by
Statute Law Revision Act 1974	20, 1974	25 July 1974	31 Dec 1973	--
Administrative Changes (Consequential Provisions) Act 1978	36, 1978	12 June 1978	12 June 1978	S. 8
Commonwealth Serum Laboratories Amendment Act 1980	7, 1980	24 Mar 1980	1 July 1980	S. 30
Statute Law (Miscellaneous Provisions) Act (No. 1) 1985	65, 1985	5 June 1985	S. 3: 3 July 1985 (a)	--
Health Legislation Amendment Act (No. 2) 1985	167, 1985	16 Dec 1985	Part I (ss. 1, 2), Part II (ss. 3-24), ss. 25, 26(2), 27, 37, 38, 42, 43, 55, 57, 65-70 and 72-74: Royal Assent S. 28: 1 Feb 1984 S. 30: 5 Sept 1985 Ss. 58-64: 1 May 1985 Remainder: 22 Feb 1986 (see Gazette 1986, No. S64)	S. 24
Health Legislation Amendment Act (No. 2) 1986	94, 1986	13 Oct 1986	Ss. 4(1), 6-8, 10, 12, 14(2) and 36: 1 Oct 1986; Ss. 5, 14(3), 17(1), 18, 19, 21, 23-28, 30, 32 and 35: 1 Nov 1986 Ss. 16, 31, 33, 38(2), (3) and (4): 1 Jan 1987 Ss. 4(2), 17(2), 20, 22 and 29: 1 Apr 1987 (see Gazette 1987, No. S57) Remainder: Royal Assent	--
Community Services and Health Legislation Amendment Act (No. 2) 1988	155, 1988	26 Dec 1988	S. 41(1): Royal Assent (b)	--
Therapeutic Goods Act 1989	21, 1990	17 Jan 1990	15 Feb 1991	--
Commonwealth Serum Laboratories (Conversion into Public Company) Act 1990	77, 1990	22 Oct 1990	Ss. 6, 10, 13 and 17: 1 Apr 1991 (see Gazette 1991, No. S75) S. 9(2): (c) S. 11: 1 Apr 1991 S. 12: 22 Feb 1991 S. 16: 1 Apr 1991 Remainder: Royal Assent	Ss. 15, 16(5) and (6)
CSL Sale Act 1993	88, 1993	30 Nov 1993	Part 1 (ss. 1-4), ss. 7 and 47: Royal Assent Ss. 5 and 6: 22 Feb 1991 Remainder: 3 June 1994 (see Gazette 1994, No. S209)	Ss. 3 and 4
Income Tax (Consequential Amendments) Act 1997	39, 1997	17 Apr 1997	1 July 1997	--
Tax Law Improvement Act (No. 1) 1998	46, 1998	22 June 1998	S. 4: Royal Assent (d) Schedule 2 (items 530, 531): (d)	S. 4 [see Table A]
Statute Stocktake Act 1999	118, 1999	22 Sept 1999	22 Sept 1999	--
Public Employment (Consequential and Transitional) Amendment Act 1999	146, 1999	11 Nov 1999	Schedule 1 (items 323, 324): 5 Dec 1999 (see Gazette 1999, No. S584) (e)	--
Corporate Law Economic Reform Program Act 1999	156, 1999	24 Nov 1999	Schedule 5 (item 13): 13 Mar 2000 (see Gazette 2000, No. S114) (f)	--
Corporations (Repeals, Consequentials and Transitionals) Act 2001	55, 2001	28 June 2001	Ss. 4-14 and Schedule 3 (items 131-145): 15 July 2001 (see Gazette 2001, No. S285) (g)	Ss. 4-14 [see Note 1]
Financial Services Reform (Consequential Provisions) Act 2001	123, 2001	27 Sept 2001	Schedule 1 (items 217, 218): 11 Mar 2002 (see Gazette 2001, No. GN42) (h)	--
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006	101, 2006	14 Sept 2006	Schedule 5 (item 43) and Schedule 6 (items 5-11): Royal Assent	Sch. 6 (items 5-11) [see Table A]
Australian Citizenship (Transitionals and Consequentials) Act 2007	21, 2007	15 Mar 2007	Schedules 1-3: 1 July 2007 (see s. 2(1) and F2007L01653) Remainder: Royal Assent	--
Workplace Relations Amendment (Transition to Forward with Fairness) Act 2008	8, 2008	20 Mar 2008	Schedules 1-7: 28 Mar 2008 (see F2008L00959) Remainder: Royal Assent	--
Fair Work (State Referral and Consequential and Other Amendments) Act 2009	54, 2009	25 June 2009	Schedule 11 (items 1-4): (i)	--
Acts Interpretation Amendment Act 2011	46, 2011	27 June 2011	Schedule 2 (item 408) and Schedule 3 (items 10, 11): 27 Dec 2011	Sch. 3 (items 10, 11) [see Table A]

(a)     The Commonwealth Serum Laboratories Act 1961 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 1) 1985, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act shall come into operation on the twenty-eighth day after the day on which it receives the Royal Assent.

(b)     The Commonwealth Serum Laboratories Act 1961 was amended by subsection 41(1) only of the Community Services and Health Legislation Amendment Act (No. 2) 1988, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(c)     Subsection 2(2) of the Commonwealth Serum Laboratories (Conversion into Public Company) Act 1990 provides as follows:

                 (2)   Subsection 9(2) commences immediately after subsection 44B(3) of the Principal Act as amended by this Act is complied with.

         The date on which the Commonwealth Serum Laboratories Limited certified that the requirements of subsection 44B(3) had been complied with was 22 March 1991.

(d)     Subsections 2(1) and (2) of the Tax Law Improvement Act (No. 1) 1998 provide as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

                 (2)   Schedule 2 (except item 3 of it) commences immediately after the commencement of Schedule 1.

         Schedule 1 commenced on Royal Assent.

(e)     The Commonwealth Serum Laboratories Act 1961 was amended by Schedule 1 (items 323 and 324) 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 Commonwealth Serum Laboratories Act 1961 was amended by Schedule 5 (item 13) only of the Corporate Law Economic Reform Program Act 1999, subsection 2(2)(b) of which provides as follows:

                 (2)   The following provisions commence on a day or days to be fixed by Proclamation:

                              (b)   the items in Schedules 1 to 7 (other than item 18 of Schedule 7);

(g)     The Commonwealth Serum Laboratories Act 1961 was amended by Schedule 3 (items
131-145) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:

                 (3)   Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.

(h)     The Commonwealth Serum Laboratories Act 1961 was amended by Schedule 1 (items 217 and 218) only of the Financial Services Reform (Consequential Provisions) Act 2001, subsections 2(1) and (6) of which provide as follows:

                 (1)   In this section :

                         FSR commencement means the commencement of item 1 of Schedule 1 to the Financial Services Reform Act 2001.

                 (6)   Subject to subsections (7) to (17), the other items of Schedule 1 commence on the FSR commencement.

(i)      Subsection 2(1) (item 33) of the Fair Work (State Referral and Consequential and Other Amendments) Act 2009 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
33.  Schedule 11	Immediately after the commencement of Part 2-4 of the Fair Work Act 2009.	1 July 2009

The amendment history of the Commonwealth Serum Laboratories Act 1961 after renumbering by the Commonwealth Serum Laboratories (Conversion into Public Company) Act 1990 (No. 77, 1990) appears in the Table below. For repealed provisions up to and including Act No. 77, 1990 see the Repeal Table.

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed    rs. = repealed and substituted
Provision affected	How affected
Title.....................................	rs. No. 77, 1990
Part 1
S. 3......................................	rep. No. 216, 1973
	ad. No. 77, 1990
	am. No. 88, 1993
S. 4......................................	ad. No. 77, 1990
	rep. No. 88, 1993
S. 5......................................	ad. No. 77, 1990
	am. No. 55, 2001
Ss. 6, 7................................	ad. No. 77, 1990
Part 2
Part 2 .................................	ad. No. 77, 1990
S. 8......................................	ad. No. 77, 1990
	am. No. 88, 1993; No. 55, 2001
Ss. 9-11..............................	ad. No. 77, 1990
Part 3
Part 3 .................................	ad. No. 77, 1990
Ss. 12-15............................	ad. No. 77, 1990
S. 16....................................	ad. No. 77, 1990
	am. No. 88, 1993
	rs. No. 55, 2001
Ss. 17-18............................	ad. No. 77, 1990
	rep. No. 55, 2001
S. 19....................................	ad. No. 77, 1990
	am. No. 55, 2001
Part 3A
Part 3A ...............................	ad. No. 88, 1993
Division 1
S. 19A.................................	ad. No. 88, 1993
S. 19B.................................	ad. No. 88, 1993
	am. No. 156, 1999; Nos. 55 and 123, 2001; No. 21, 2007; No. 46, 2011
Division 2
S. 19C.................................	ad. No. 88, 1993
S. 19D.................................	ad. No. 88, 1993
	am. No. 55, 2001
Ss. 19E-19H.......................	ad. No. 88, 1993
Ss. 19J-19M.......................	ad. No. 88, 1993
Division 3
S. 19N.................................	ad. No. 88, 1993
S. 19P.................................	ad. No. 88, 1993
Division 4
Ss. 19Q-19W.....................	ad. No. 88, 1993
Division 5
S. 19X.................................	ad. No. 88, 1993
	am. No. 146, 1999
S. 19Y.................................	ad. No. 88, 1993
Heading to s. 19Z..............	am. No. 55, 2001
S. 19Z.................................	ad. No. 88, 1993
	am. No. 55, 2001
S. 19ZA...............................	ad. No. 88, 1993
Part 4 .................................	ad. No. 77, 1990
	rep. No. 88, 1993
Ss. 20-25............................	ad. No. 77, 1990
	rep. No. 88, 1993
Part 5
Part 5 .................................	ad. No. 77, 1990
S. 26....................................	ad. No. 77, 1990
S. 27....................................	ad. No. 77, 1990
	am. SLI 2006 No. 50; No. 8, 2008; No. 54, 2009
S. 28....................................	ad. No. 77, 1990
S. 29....................................	ad. No. 77, 1990
	am. SLI 2006 No. 50; No. 8, 2008; No. 54, 2009
S. 30....................................	ad. No. 77, 1990
	rep. No. 88, 1993
Part 6
Part 6 .................................	ad. No. 77, 1990
S. 31....................................	ad. No. 77, 1990
	am. No. 118, 1999; No. 101,2006
Ss. 32-34............................	ad. No. 77, 1990
S. 35....................................	ad. No. 77, 1990
	am. No. 46, 1998
Part 7
Part 7 .................................	ad. No. 77, 1990
Ss. 36-38............................	ad. No. 77, 1990
Ss. 39, 40............................	ad. No. 77, 1990
	rep. No. 88, 1993
S. 41....................................	ad. No. 77, 1990
S. 42....................................	ad. No. 77, 1990
	am. No. 88, 1993

Certain provisions of the Commonwealth Serum Laboratories Act 1961, as amended, were repealed either prior to renumbering by the Commonwealth Serum Laboratories (Conversion into Public Company) Act 1990 (No. 77, 1990) or by that Act. The amendment history of the repealed provisions appears in the Table below.

Repeal Table

ad. = added or inserted      am. = amended      rep. = repealed    rs. = repealed and substituted
Provision affected	How affected
S. 4......................................	rs. No. 7, 1980
	am. No. 167, 1985; No. 94, 1986; No. 21, 1990
	rep. No. 77, 1990
S. 5......................................	am. No. 36, 1978; No. 7, 1980
	rep. No. 77, 1990
S. 6......................................	am. No. 7, 1980; No. 167, 1985; No. 21, 1990
	rep. No. 77, 1990
Part II ................................. (ss. 7, 8, 10, 11, 11A, 12-21, 23, 23A-23C, 24-27, 31, 31A, 32-34, 34A, 34B, 35-44)	rep. No. 77, 1990
S. 7......................................	am. No. 77, 1990
	rep. No. 77, 1990
S. 8......................................	am. No. 216, 1973; No. 7, 1980; No. 167, 1985
	rep. No. 77, 1990
S. 9......................................	rep. No. 7, 1980
S. 10....................................	rep. No. 77, 1990
S. 11....................................	am. No. 167, 1985
	rep. No. 77, 1990
S. 11A.................................	ad. No. 94, 1986
	rep. No. 77, 1990
S. 12....................................	rs. No. 7, 1980
	rep. No. 77, 1990
Ss. 13, 14............................	rep. No. 77, 1990
Ss. 15, 16............................	am. No. 7, 1980; No. 167, 1985
	rep. No. 77, 1990
S. 17....................................	rep. No. 77, 1990
S. 18....................................	am. No. 167, 1985
	rep. No. 77, 1990
Div. 2 (ss. 19-21)...............	rep. No. 77, 1990
S. 19....................................	am. No. 42, 1970; No. 216, 1973
	rs. No. 7, 1980
	am. No. 167, 1985
	rep. No. 77, 1990
S. 20....................................	am. No. 93, 1966; No. 7, 1980; No. 167, 1985
	rep. No. 77, 1990
S. 21....................................	rs. No. 7, 1980; No. 167, 1985
	rep. No. 77, 1990
S. 22....................................	rep. No. 7, 1980
Heading to Div. 3 of Part II........................................	am. No. 167, 1985
	rep. No. 77, 1990
Div. 3 (ss. 23, 23A-23C)....	rep. No. 77, 1990
S. 23....................................	am. No. 7, 1980; No. 167, 1985
	rep. No. 77, 1990
S. 23A.................................	ad. No. 7, 1980
	am. No. 167, 1985
	rep. No. 77, 1990
S. 23B.................................	ad. No. 7, 1980
	rep. No. 167, 1985
S. 23C.................................	ad. No. 7, 1980
	am. No. 167, 1985
	rep. No. 77, 1990
Div. 4 (ss. 24-27)...............	rep. No. 77, 1990
S. 24....................................	rep. No. 77, 1990
S. 25....................................	rs. No. 7, 1980
	rep. No. 77, 1990
S. 26....................................	am. No. 93, 1966; No. 216, 1973; No. 7, 1980; Nos. 65 and 167, 1985
	rep. No. 77, 1990
S. 27....................................	am. No. 7, 1980; No. 167, 1985
	rep. No. 77, 1990
Ss. 28, 29............................	rep. No. 7, 1980
S. 30....................................	rep. No. 216, 1973 (as am. by No. 20, 1974)
Div. 5 ................................. (ss. 31, 31A, 32-34, 34A, 34B, 35-39, 42)	rep. No. 77, 1990
S. 31....................................	am. No. 7, 1980
	rep. No. 77, 1990
S. 31A.................................	ad. No. 77, 1990
	rep. No. 77, 1990
S. 32....................................	am. No. 36, 1978; No. 7, 1980; No. 77, 1990
	rep. No. 77, 1990
S. 33....................................	am. No. 36, 1978; No. 7, 1980
	rep. No. 77, 1990
S. 34....................................	am. No. 36, 1978
	rs. No. 7, 1980
	rep. No. 77, 1990
	am. No. 39, 1997
Ss. 34A, 34B.......................	ad. No. 7, 1980
	rep. No. 77, 1990
S. 35....................................	am. No. 7, 1980
	rs. No. 167, 1985
	rep. No. 77, 1990
S. 36....................................	am. No. 7, 1980; No. 167, 1985
	rep. No. 77, 1990
S. 37....................................	rs. No. 7, 1980
	rep. No. 77, 1990
S. 38....................................	rs. No. 7, 1980
	am. No. 167, 1985
	rep. No. 77, 1990
S. 39....................................	am. No. 36, 1978
	rs. No. 7, 1980
	rep. No. 77, 1990
Ss. 40, 41............................	rs. No. 7, 1980
	rep. No. 167, 1985
S. 42....................................	am. No. 216, 1973; No. 36, 1978; No. 7, 1980
	rep. No. 77, 1990
Div. 6 (ss. 43, 44)...............	rep. No. 77, 1990
S. 43....................................	rep. No. 77, 1990
S. 44....................................	am. No. 36, 1978; No. 7, 1980
	rs. No. 167, 1985
	rep. No. 77, 1990
Part III (ss. 44A, 45)...........	rep. No. 77, 1990
S. 44A.................................	ad. No. 7, 1980
	am. No. 155, 1988
	rep. No. 77, 1990
S. 45....................................	rep. No. 77, 1990

Table A

Application, saving or transitional provisions

Tax Law Improvement Act (No. 1) 1998 (No. 46, 1998)

4  Application of amendments

An amendment made by an item in a Schedule (except an item in Schedule 1 or in Part 1 of any of Schedules 2 to 8) applies to assessments for the 1998-99 income year and later income years, unless otherwise indicated in the Schedule in which the item appears.

Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006
(No. 101, 2006 )

Schedule 6

5  Application of Schedule 5 amendments

The repeals and amendments made by Schedule 5 apply to acts done or omitted to be done, or states of affairs existing, after the commencement of the 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.

Acts Interpretation Amendment Act 2011 (No. 46, 2011)

Schedule 3

10  Saving--appointments

The amendments made by Schedule 2 do not affect the validity of an appointment that was made under an Act before the commencement of this item and that was in force immediately before that commencement.

11  Transitional regulations

The Governor-General may make regulations prescribing matters of a transitional nature (including prescribing any saving or application provisions) relating to the amendments and repeals made by Schedules 1 and 2.

Renumbering Table

Table showing Parts, Divisions and sections of the Commonwealth Serum Laboratories Act 1961 after renumbering by the Commonwealth Serum Laboratories (Conversion into Public Company) Act 1990 (No. 77, 1990).

NOTE--This Table does not form part of the Commonwealth Serum Laboratories Act 1961, and is provided for convenience of reference only.

Old Number	New Number
Part I	Part 1
Section	Section
1	1
2	2
3	3
3A	4
3B	5
3C	6
3D	7
Part IIA	Part 2
Section	Section
44A	8
44B	9
44C	10
44D	11
Part IIB	Part 3
Section	Section
44E	12
44F	13
44G	14
44H	15
44J	16
44K	17
44L	18
44M	19
Part III	Part 4
Section	Section
45	20
46	21
Section	Section
47	22
48	23
49	24
50	25
Part IV	Part 5
Section	Section
51	26
52	27
53	28
54	29
55	30
Part V	Part 6
Section	Section
56	31
57	32
58	33
59	34
60	35
Part VI	Part 7
Section	Section
61	36
62	37
63	38
64	39
65	40
66	41
67	42