Commonwealth Consolidated ActsAct No. 41 of 1956 as amended
This compilation was prepared on 20 April 2012
taking into account amendments up to Act No. 127 of 2011
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
Part I--Preliminary 1
1............ Short title [see Note 1] ........................................................................ 1
2............ Commencement [see Note 1] .............................................................. 1
3............ Interpretation ....................................................................................... 1
4............ Operating under a name ...................................................................... 3
4A......... Subsidiaries ......................................................................................... 4
6............ Extension to Territories ....................................................................... 4
Part III--Creation of capital structure and other steps prior to conversion of ANL into public company 5
38.......... Share capital of ANL .......................................................................... 5
39.......... Issue of shares in ANL ....................................................................... 5
40.......... New name of ANL ............................................................................. 6
41.......... ANL to apply to be registered as company etc. ................................... 6
Part IIIA--Conversion of ANL into public company 8
42.......... ANL taken to be registered under Companies Act .............................. 8
43.......... Memorandum and articles of ANL ..................................................... 8
44.......... Membership of ANL .......................................................................... 9
45.......... Application of certain provisions of Companies Act ........................... 9
46.......... Accounting records ........................................................................... 10
47.......... Accounts ........................................................................................... 10
48.......... Operation of section 25B of Acts Interpretation Act ......................... 10
49.......... Effect of Part--summary .................................................................. 10
Part IV--Use of certain names 11
50.......... Protected body may operate under protected company name ............ 11
52.......... Other persons not to use protected names ......................................... 11
53.......... Exceptions for pre-existing rights ..................................................... 11
54.......... Use of other names by protected bodies ............................................ 12
55.......... Registration on Business Names Register ......................................... 12
Part V--Staff matters 13
56.......... Employment of staff members continues after transition ................... 13
57.......... Act not to affect certain matters relating to staff members ................. 13
58.......... Effect of sections 56 and 57 .............................................................. 14
59.......... Variation of terms and conditions ..................................................... 14
60.......... Application of Part IV of Public Service Act .................................... 14
Part VI--Taxation matters 15
Division 1--Exemption from certain taxes 15
61.......... Interpretation ..................................................................................... 15
62.......... Exemptions relating to exempt matters .............................................. 15
63.......... Authorised person may certify in relation to exemptions .................. 15
Division 2--Application of Income Tax Assessment Act 17
64.......... ANL to be taken to have had share capital ........................................ 17
Part VII--Miscellaneous 18
65.......... ANL not public authority etc. ............................................................ 18
66.......... Additional powers and functions under State or Territory laws ........ 18
67.......... Judicial notice of ANL's seal ............................................................ 18
68.......... Compensation for acquisition of property ......................................... 18
69.......... Regulations ....................................................................................... 19
Notes 21
An Act relating to the constitution of ANL as a public company, and for related purposes
Note 1 The ANL Act 1956 as shown in this compilation comprises
Act No. 41, 1956 amended as indicated in the Tables below. For application, saving or transitional provisions made by
Schedule 1 (item 2) of the Business Names Registration
(Application of Consequential Amendments) Act 2011, see Act
No. 172, 2011. All relevant information pertaining to application, saving or
transitional provisions prior to 14 September 2006 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 |
|
Australian Coastal Shipping Commission Act 1956 |
41, 1956 |
30 June 1956 |
1 Oct 1956 (see Gazette 1956, p. 2917) |
|
|
Australian Coastal Shipping Commission Act 1962 |
87, 1962 |
14 Dec 1962 |
11 Jan 1963 |
-- |
|
Australian Coastal Shipping Commission Act 1964 |
88, 1964 |
5 Nov 1964 |
5 Nov 1964 |
-- |
|
Australian Coastal Shipping Commission Act 1966 |
4, 1966 |
1 Apr 1966 |
29 Apr 1966 |
-- |
|
Australian Coastal Shipping Commission Act 1968 |
145, 1968 |
9 Dec 1968 |
9 Dec 1968 |
-- |
|
Australian Coastal Shipping Commission Act 1969 |
55, 1969 |
14 June 1969 |
14 June 1969 |
-- |
|
Statute Law Revision Act 1973 |
216, 1973 |
19 Dec 1973 |
31 Dec 1973 |
Ss. 9(1) and 10 |
|
83, 1974 |
18 Oct 1974 |
18 Oct 1974 |
S. 22 |
|
|
153, 1977 |
10 Nov 1977 |
10 Nov 1977 |
-- |
|
|
36, 1978 |
12 June 1978 |
12 June 1978 |
S. 8 |
|
|
39, 1980 |
23 May 1980 |
23 May 1980 |
-- |
|
|
26, 1982 |
7 May 1982 |
Part IX (ss. 70, 71): 6 Mar 1984 (see Gazette 1984, No. S85) (a) |
-- |
|
|
115, 1983 |
16 Dec 1983 |
S. 41: 1 June 1984 (see Gazette 1984, No. S201) (b) |
-- |
|
|
127, 1983 |
22 Dec 1983 |
19 Jan 1984 |
Ss. 4(2), (3), |
|
|
as amended by |
|
|
|
|
|
165, 1984 |
25 Oct 1984 |
S. 3: (c) |
S. 2(32) |
|
|
Radiocommunications (Transitional Provisions and Consequential Amendments) Act 1983 |
136, 1983 |
22 Dec 1983 |
27 Aug 1985 (see s. 2 and Gazette 1985, No. S322) |
-- |
|
72, 1984 |
25 June 1984 |
S. 3: (d) |
S. 2(24) |
|
|
65, 1985 |
5 June 1985 |
S. 3: 3 July 1985 (e) |
-- |
|
|
76, 1986 |
24 June 1986 |
S. 3: Royal Assent (f) |
S. 9 |
|
|
Statutory Instruments (Tabling and Disallowance) Legislation Amendment Act 1988 |
99, 1988 |
2 Dec 1988 |
2 Dec 1988 |
-- |
|
Government Business Enterprises (Miscellaneous Reforms) Act 1988 |
123, 1988 |
14 Dec 1988 |
Part II (ss. 3-12): 26 Jan 1989 |
-- |
|
ANL (Conversion into Public Company) Act 1988 |
127, 1988 |
14 Dec 1988 |
Ss. 6, 7(2), 9 and 11: 1 July 1989 (see s. 2(2)
and Gazette 1989 No. S210) |
-- |
|
136, 1995 |
5 Dec 1995 |
(h) |
-- |
|
|
118, 1999 |
22 Sept 1999 |
22 Sept 1999 |
-- |
|
|
148, 2003 |
17 Dec 2003 |
Schedules 1 and 2: (i) |
-- |
|
|
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 |
101, 2006 |
14 Sept 2006 |
Schedule 5 (item 18) and Schedule 6 (items 5-11): Royal Assent |
Sch. 6 (items |
|
Business Names Registration (Transitional and Consequential Provisions) Act 2011 |
127, 2011 |
3 Nov 2011 |
Schedule 2 (items 2, 3): 20 Apr 2012 (see s. 2(1)) |
-- |
(a) The Australian Shipping Commission Act 1956 was amended by Part IX (sections 70 and 71) only of the Statute Law (Miscellaneous Amendments) Act (No. 1) 1982, subsection 2(2) of which provides as follows:
(2) Part IX shall come into operation, or shall be deemed to have come into operation, as the case requires, on the date of commencement of the Environment Protection (Sea Dumping) Act 1981.
(b) The Australian Shipping Commission Act 1956 was amended by section 41 only of the Conciliation and Arbitration Amendment Act (No. 2) 1983, subsection 2(2) of which provides as follows:
(2) Sections 3, 6, 7, 8, 9, 10, 12, 14 and 16, subsection 22(3) and sections 27, 39, 40, 41 and 43 shall come into operation on a date, or respective dates, to be fixed by Proclamation.
(c) The Australian Shipping Commission Amendment Act 1983 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 2) 1984, subsection 2(6) of which provides as follows:
(6) The amendments of the Australian Shipping Commission Amendment Act 1983 made by this Act shall be deemed to have come into operation on 19 January 1984.
(d) The Australian Shipping Commission Act 1956 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 1) 1984, subsection 2(4) of which provides as follows:
(4) The amendment of the Australian Shipping Commission Act 1956 made by this Act shall be deemed to have come into operation on 19 January 1984.
(e) The Australian Shipping Commission Act 1956 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.
(f) The Australian Shipping Commission Act 1956 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 1) 1986, subsection 2(1) of which provides as follows:
(1) Subject to this section, this Act shall come into operation on the day on which it receives the Royal Assent.
(g) The Australian Shipping Commission Act 1956 was amended by the ANL (Conversion into Public Company) Act 1988, subsection 2(2) of which provides as follows:
(2) Subsection 7(1) commences on the day immediately after the day on which subsection 39(3) of the Principal Act as amended is complied with.
The date on which the Australian Shipping Commission certified that the requirements of subsection 39(3) had been complied with was 9 June 1989.
(h) The ANL Sale Act 1995 was repealed by section 79 of that Act before coming into operation.
(i) Subsection 2(1) (item 2) of the Designs (Consequential Amendments) Act 2003 provides as follows:
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.
|
Commencement information |
||
|
Column 1 |
Column 2 |
Column 3 |
|
Provision(s) |
Commencement |
Date/Details |
|
2. Schedules 1 and 2 |
Immediately after the commencement of section 4 of the Designs Act 2003. |
17 June 2004 |
Table of Amendments
|
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted |
|
|
Provision affected |
How affected |
|
Title..................................... |
am. No. 83, 1974 |
|
|
rs. No. 127, 1988 |
|
Part I |
|
|
S. 1...................................... |
am. No. 83, 1974; No. 127, 1988 |
|
Ss. 3, 4................................ |
rep. No. 216, 1973 |
|
|
ad. No. 127, 1988 |
|
S. 4A................................... |
ad. No. 127, 1988 |
|
S. 5...................................... |
am. No. 87, 1962; No. 216, 1973 |
|
|
rs. No. 83, 1974 |
|
|
am. No. 153, 1977; No. 39, 1980; No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 6...................................... |
am. No. 216, 1973; No. 127, 1983 |
|
Heading to Part II.............. |
am. No. 83, 1974 |
|
|
rep. No. 127, 1988 |
|
Div.1 of Part II ................... |
rep. No. 127, 1988 |
|
S. 7...................................... |
rs. No. 83, 1974 |
|
|
am. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 8...................................... |
am. No. 216, 1973 |
|
|
rs. No. 83, 1974 |
|
|
am. No. 153, 1977 |
|
|
rs. No. 127, 1983 |
|
|
am. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
S. 8A................................... |
ad. No. 83, 1974 |
|
|
am. No. 153, 1977 |
|
|
rs. No. 127, 1983 |
|
|
am. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
Ss. 8B, 8C........................... |
ad. No. 83, 1974 |
|
|
rep. No. 127, 1983 |
|
S. 9...................................... |
am. No. 83, 1974 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
Ss. 9A, 9B........................... |
ad. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 10.................................... |
rs. No. 127, 1983 |
|
|
am. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
S. 11.................................... |
rs. No. 83, 1974; No. 127, 1983 |
|
|
am. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
S. 12.................................... |
rs. No. 127, 1983 |
|
|
am. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
S. 13.................................... |
am. No. 83, 1974 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 13A................................. |
ad. No. 83, 1974 |
|
|
rs. No. 127, 1983 |
|
|
am. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
S. 14.................................... |
am. No. 83, 1974 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 14A................................. |
ad. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
Div. 2 and 3 of Part II ........ |
rep. No. 127, 1988 |
|
S. 15.................................... |
am. No. 216, 1973; No. 83, 1974; No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 16.................................... |
am. No. 4, 1966; No. 145, 1968; No. 55, 1969; No. 216, 1973; No. 83, 1974; No. 153, 1977; No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 16A................................. |
ad. No. 153, 1977 |
|
|
rep. No. 127, 1988 |
|
S. 17.................................... |
am. No. 83, 1974; No. 153, 1977 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 17A................................. |
ad. No. 153, 1977 |
|
|
rep. No. 127, 1983 |
|
S. 18.................................... |
am. No. 145, 1968; No. 216, 1973; No. 83, 1974; No. 153,1977 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 19.................................... |
am. No. 145, 1968 |
|
|
rs. No. 153, 1977 |
|
|
am. No. 39, 1980 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 19A................................. |
ad. No. 127, 1983 |
|
|
am. No. 72, 1984 |
|
|
rep. No. 127, 1988 |
|
S. 19B................................. |
ad. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
Division 2A of Part II......... |
ad. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
Ss. 20A-20J....................... |
ad. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
S. 21.................................... |
am. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 22.................................... |
am. No. 88, 1964; No. 4, 1966; No. 216, 1973; No. 83, 1974 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 23.................................... |
rs. No. 127, 1983 |
|
|
rep. No. 123, 1988 |
|
S. 24A................................. |
ad. No. 83, 1974 |
|
|
rep. No. 153, 1977 |
|
S. 25.................................... |
am. No. 127, 1983 |
|
|
rep. No. 115, 1983 |
|
S. 26.................................... |
am. Nos. 127 and 115, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 27.................................... |
am. No. 216, 1973; No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
Div. 4 of Part II................... |
rep. No. 127, 1988 |
|
S. 28.................................... |
rs. No. 216, 1973 |
|
|
am. No. 83, 1974; No. 153, 1977; No. 36, 1978; No. 127, 1983 |
|
|
rep. No. 129, 1988 |
|
S. 29.................................... |
am. No. 83, 1974; No. 153, 1977 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 29A................................. |
ad. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 30.................................... |
am. No. 87, 1962 |
|
|
rs. No. 88, 1964 |
|
|
am. No. 4, 1966; No. 83, 1974; No. 153, 1977; No. 36, 1978 |
|
|
rs. No. 39, 1980 |
|
|
am. No. 127, 1983; No. 76, 1986 |
|
|
rep. No. 127, 1988 |
|
Ss. 30A-30E....................... |
ad. No. 39, 1980 |
|
|
rep. No. 127, 1983 |
|
S. 31.................................... |
am. No. 87, 1962 |
|
|
rs. No. 127, 1983 |
|
|
am. No. 76, 1986 |
|
|
rep. No. 127, 1988 |
|
S. 32.................................... |
am. No. 87, 1962; No. 88, 1964; No. 83, 1974; No.153, 1977 |
|
|
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
Ss. 32A, 32B....................... |
ad. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 32C................................. |
ad. No. 76, 1986 |
|
|
rep. No. 127, 1988 |
|
S. 33.................................... |
am. No. 83, 1974; No. 153, 1977; No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
Ss. 34, 35............................ |
rs. No. 83, 1974; No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 35A................................. |
ad. No. 123, 1988 |
|
|
rep. No. 127, 1988 |
|
S. 36.................................... |
am. No. 216, 1973 |
|
|
rs. No. 83, 1974; No. 153, 1977 |
|
|
am. No. 39, 1980; No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
S. 37.................................... |
rs. No. 127, 1983 |
|
|
rep. No. 127, 1988 |
|
Div. 5 of Part II................... |
rep. No. 127, 1983 |
|
Part III |
|
|
Part III................................. |
rep. No. 216, 1973 |
|
|
ad. No. 127, 1988 |
|
S. 38.................................... |
rep. No. 127, 1983 |
|
|
ad. No. 127, 1988 |
|
S. 39.................................... |
am. No. 83, 1974; No. 153, 1977; No. 36, 1978 |
|
|
rep. No. 127, 1983 |
|
|
ad. No. 127, 1988 |
|
S. 40.................................... |
rep. No. 216, 1973 |
|
|
ad. No. 127, 1988 |
|
S. 41.................................... |
rep. No. 216, 1973 |
|
|
ad. No. 127, 1988 |
|
Part IIIA |
|
|
Part IIIA............................... |
ad. No. 127, 1988 |
|
Ss. 42, 43............................ |
rep. No. 216, 1973 |
|
|
ad. No. 127, 1988 |
|
S. 44.................................... |
am. No. 83, 1974 |
|
|
rs. No. 127, 1983; No. 127, 1988 |
|
S. 45.................................... |
am. No. 83, 1974; No. 127, 1983 |
|
|
rs. No. 127, 1988 |
|
S. 46.................................... |
rs. No. 127, 1988 |
|
S. 47.................................... |
am. No. 83, 1974; No. 153, 1977; No. 36, 1978 |
|
|
rs. No. 127, 1983 |
|
|
am. No. 65, 1985; No. 99, 1988 |
|
|
rs. No. 127, 1988 |
|
S. 48.................................... |
am. No. 4, 1966; No. 83, 1974 |
|
|
rs. No. 127, 1983; No. 127, 1988 |
|
S. 49.................................... |
am. No. 4, 1966; No. 83, 1974 |
|
|
rs. No. 127, 1983 |
|
Part IV |
|
|
Part IV................................. |
rs. No. 127, 1988 |
|
S. 50.................................... |
am. No. 4, 1966 |
|
|
rep. No. 127, 1983 |
|
|
ad. No. 127, 1988 |
|
S. 51.................................... |
ad. No. 127, 1988 |
|
|
rep. No. 127, 2011 |
|
S. 52.................................... |
ad. No. 127, 1988 |
|
S. 53.................................... |
ad. No. 127, 1988 |
|
|
am. No. 148, 2003 |
|
S. 54.................................... |
ad. No. 127, 1988 |
|
S. 55.................................... |
ad. No. 127, 1988 |
|
|
rs. No. 127, 2011 |
|
Part V |
|
|
Part V.................................. |
ad. No. 127, 1988 |
|
Ss. 56-60............................ |
ad. No. 127, 1988 |
|
Part VI |
|
|
Part VI................................. |
ad. No. 127, 1988 |
|
Division 1 |
|
|
S. 61.................................... |
ad. No. 127, 1988 |
|
|
am. No. 118, 1999; No. 101, 2006 |
|
Ss. 62, 63............................ |
ad. No. 127, 1988 |
|
Division 2 |
|
|
S. 64.................................... |
ad. No. 127, 1988 |
|
Part VII |
|
|
Part VII................................ |
ad. No. 127, 1988 |
|
Ss. 65-69............................ |
ad. No. 127, 1988 |
|
Heading to the Schedules |
rep. No. 83, 1974 |
|
First, Second Schedules.. |
rep. No. 216, 1973 |
|
Heading to Third Schedule........................ |
rep. No. 83, 1974 |
|
Third Schedule.................. |
am. No. 87, 1962; No. 145, 1968 |
|
Heading to Schedule........ |
ad. No. 83, 1974 |
|
|
rep. No. 127, 1988 |
|
Schedule............................ |
am. No. 153, 1977; No. 26, 1982; No. 127, 1983 (as am. by No. 165, 1984); No. 136, 1983 |
|
|
rep. No. 127, 1988 |
Table A
Application, saving or transitional provisions
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.