Contents

Part 1--Introduction                                                                                                             1

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

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

3............ Simplified outline ................................................................................ 1

4............ Definitions .......................................................................................... 2

5............ Sydney West Airport .......................................................................... 3

6............ Sale time for Commonwealth-owned company ................................... 3

7............ Crown to be bound ............................................................................. 4

8............ External Territories .............................................................................. 4

9............ Extra-territorial operation .................................................................... 4

Part 2--Transfers from the FAC to the Commonwealth                              5

10.......... Simplified outline ................................................................................ 5

11.......... Transfer of FAC land to the Commonwealth ...................................... 5

12.......... Transfer of other FAC assets to the Commonwealth .......................... 6

13.......... Transfer of the FAC's contractual rights and obligations to the Commonwealth      7

14.......... Transfer of FAC liabilities to the Commonwealth ............................... 8

15.......... Transferred airport ceases to be a Federal airport for purposes of the FAC Act        8

16.......... Transfers of FAC land may be registered ........................................... 8

17.......... FAC land leased to the Commonwealth .............................................. 9

18.......... Lands Acquisition Act does not apply to this Part ............................ 10

Part 3--Original grants of airport leases to companies                                 11

19.......... Simplified outline .............................................................................. 11

20.......... Scope of Part ..................................................................................... 11

21.......... Commonwealth may grant airport lease to a Commonwealth-owned company         12

22.......... Commonwealth may grant airport lease to a company that is not owned by the Commonwealth              12

23.......... Transfer or lease of assets to company .............................................. 12

24.......... Transfer of contractual rights and obligations ................................... 13

25.......... Transfer of liability to company ........................................................ 14

26.......... Airport lease granted subject to existing interests in the land ............ 15

27.......... Entries in title registers ...................................................................... 16

28.......... Lands Acquisition Act does not apply to this Part ............................ 16

Part 4--Transfer of the FAC's assets or contracts to airport-lessee companies 17

29.......... Simplified outline .............................................................................. 17

30.......... Transfer of assets .............................................................................. 17

31.......... Transfer of contractual rights and obligations ................................... 18

Part 5--Transfer of the FAC's liabilities to airport-lessee companies 20

32.......... Simplified outline .............................................................................. 20

33.......... Transfer of liabilities ......................................................................... 20

Part 6--Treatment of sale of shares in an airport-lessee company owned by the Commonwealth         22

34.......... Simplified outline .............................................................................. 22

35.......... When this Part applies ....................................................................... 22

36.......... Commonwealth may pay the FAC an amount before disposal of shares   23

37.......... Commonwealth must pay an amount to the FAC .............................. 23

38.......... Capital for the FAC following disposal of shares ............................. 24

Part 7--Treatment of consideration payable by an airport-lessee company that is not owned by the Commonwealth                                                                                                   25

40.......... Simplified outline .............................................................................. 25

41.......... When this Part applies ....................................................................... 25

42.......... Commonwealth must pay an amount to the FAC .............................. 25

43.......... Capital for the FAC after consideration becomes payable ................. 26

44.......... Appropriation of Consolidated Revenue Fund .................................. 26

Part 8--Special tax rules                                                                                                   27

Division 1--Simplified outline                                                                                 27

45.......... Simplified outline .............................................................................. 27

Division 2--Exemption from stamp duty and other taxes                       28

46.......... Exemption from stamp duty and other taxes ..................................... 28

47.......... Airport-lessee company not liable to stamp duty on pre-grant instruments               28

48.......... Stamp duty--transfers of assets or liabilities to privately-owned companies            29

Division 3--Special income tax rules                                                                  30

48A....... Definitions ........................................................................................ 30

49B....... Special rules for fixtures that are depreciating assets--Income Tax Assessment Act 1997        30

50B....... Acquisition of depreciating asset from the Commonwealth--Division 40 of the Income Tax Assessment Act 1997 .......................................................................................................... 32

51B....... Acquisition of depreciating asset from the FAC--Division 40 of the Income Tax Assessment Act 1997                 32

52A....... Consideration received by the FAC for transfer of assets--Income Tax Assessment Act 1997                32

54A....... Airport-lessee company to be capital works owner for the purposes of Division 43 of the Income Tax Assessment Act 1997 .................................................................................................. 33

55.......... Modification of capital allowances and capital gains tax provisions .. 34

56.......... Transfer of development allowance benefits ..................................... 34

Part 9--Transfer of staff from the FAC to airport-lessee companies 36

Division 1--Simplified outline                                                                                 36

57.......... Simplified outline .............................................................................. 36

Division 2--Transfer of staff                                                                                   37

58.......... Transfer of staff from the FAC ......................................................... 37

Division 3--Terms and conditions                                                                        38

59.......... Terms and conditions of transferred employees ................................ 38

60.......... Variation of terms and conditions of employment ............................. 39

61.......... Statement of accrued benefits ............................................................ 39

Division 4--Mobility rights                                                                                      40

62.......... Cessation of mobility rights .............................................................. 40

Division 5--Long service leave                                                                              41

63.......... Long service leave rules set out in Schedule 1 .................................. 41

Division 6--Superannuation                                                                                    42

64.......... Superannuation rules set out in Schedule 2 ....................................... 42

Division 7--Safety, Rehabilitation and Compensation Act 1988         43

65.......... Safety, Rehabilitation and Compensation Act 1988 rules set out in Schedule 3         43

Part 10--FAC's debts                                                                                                        44

Division 1--Simplified outline                                                                                 44

66.......... Simplified outline .............................................................................. 44

Division 2--Loans by the Commonwealth                                                       45

67.......... Scope of Division ............................................................................. 45

68.......... Treasurer may declare that loan is due and payable ........................... 45

69.......... Commonwealth may pay the FAC an amount equal to the amount owing                45

Division 3--Other borrowing transactions                                                     46

71.......... Scope of Division ............................................................................. 46

72.......... Borrowing transactions ..................................................................... 46

73.......... FAC's borrowing transactions may become the Commonwealth's borrowing transactions     46

74.......... Commonwealth takeover of certain obligations of the FAC .............. 46

75.......... Application of the Loans Securities Act 1919 ................................... 47

76.......... Commonwealth takeover of obligations--payments by the FAC to the Commonwealth          47

77.......... Commonwealth may pay the FAC an amount to enable the FAC to discharge or extinguish its liability under a borrowing transaction ....................................................................... 48

Part 11--Prosecutions                                                                                                        49

79.......... Simplified outline .............................................................................. 49

80.......... Continuing application of the Director of Public Prosecutions Act 1983 49

Part 12--Airport-lessee company not to be an agency of the Commonwealth etc.            50

81.......... Simplified outline .............................................................................. 50

82.......... Airport-lessee company not to be an agency of the Commonwealth etc.   50

Part 13--Miscellaneous                                                                                                     51

83.......... Simplified outline .............................................................................. 51

84.......... Transfer of pending proceedings ....................................................... 52

85.......... Operation of this Act does not place a person in breach of contract etc. 52

86.......... Appropriation--grant of airport lease to Commonwealth-owned company              52

87.......... This Act does not modify registers kept by land registration officials 53

88.......... Declarations that are contingent on the grant of an airport lease may be varied or revoked before the grant              53

89.......... Copies of declarations to be published in the Gazette ....................... 54

90.......... Compensation--constitutional safety-net .......................................... 54

91.......... Commonwealth records .................................................................... 55

92.......... Act does not authorise the imposition of taxation .............................. 55

93.......... Regulations ....................................................................................... 55

Part 14--Amendment of the Federal Airports Corporation Act 1986 56

94.......... Amendments ..................................................................................... 56

Schedule 1--Long Service Leave                                                                                57

1............ Scope of Schedule ............................................................................. 57

2............ Definitions ........................................................................................ 57

3............ References to Long Service Leave Act .............................................. 58

4............ Long service leave for employees with less than 10 years service .... 58

5............ Payments in lieu of long service leave for employees with less than 10 years service               59

6............ Payments on the death of an employee .............................................. 61

7............ Employee's long service leave credit for the purposes of clauses 4 and 5                 62

8............ Schedule not to affect an employee's future long service leave rights 62

9............ Saving--Long Service Leave Act ..................................................... 62

Schedule 2--Superannuation                                                                                        63

Part 1--When this Schedule applies                                                                          63

1............ When this Schedule applies ............................................................... 63

Part 2--Superannuation schemes                                                                               64

Division 1--Transfer of staff from the FAC                                                   64

2............ Commonwealth-owned airport-lessee companies ............................. 64

3............ Deferred benefits under the Defence Force Retirement and Death Benefits Act 1973               64

4............ Period of eligible employment for the purposes of Division 3 of Part IX of the Defence Force Retirement and Death Benefits Act 1973 ............................................................................... 65

Division 2--Sale of airport-lessee companies owned by the Commonwealth      66

5............ Deferred benefits under the Defence Force Retirement and Death Benefits Act 1973               66

6............ Period of eligible employment for the purposes of Division 3 of Part IX of the Defence Force Retirement and Death Benefits Act 1973 ............................................................................... 66

Division 3--Transfer of staff to airport-lessee companies that are not owned by the Commonwealth                                                                                                                       67

7............ Deferred benefits under the Defence Force Retirement and Death Benefits Act 1973               67

8............ Period of eligible employment for the purposes of Division 3 of Part IX of the Defence Force Retirement and Death Benefits Act 1973 ............................................................................... 67

Part 3--The Crimes (Superannuation Benefits) Act 1989                          69

9............ Continuing application of the Crimes (Superannuation Benefits) Act 1989               69

Part 4--The Superannuation Benefits (Supervisory Mechanisms) Act 1990        71

10.......... An airport-lessee company is not to be an eligible or relevant body for the purposes of the Superannuation Benefits (Supervisory Mechanisms) Act 1990 ................................................ 71

Schedule 3--Safety, Rehabilitation and Compensation Act 1988           72

1............ Definitions ........................................................................................ 72

2............ SRC Act continues to apply to transferred employees ...................... 72

3............ Commonwealth liable to meet certain SRC Act liabilities and is taken to be the employer in certain circumstances under the SRC Act ...................................................................................... 72

4............ Airport-lessee company to co-operate with the Commonwealth ....... 73

5............ Section 40 of the SRC Act ................................................................ 73

6............ Section 71 of the SRC Act ................................................................ 73

7............ Section 108C of the SRC Act ........................................................... 73

Schedule 4--Amendment of the Federal Airports Corporation Act 1986          74

Notes                                                                                                                                              77

An Act relating to the leasing of airports, and for related purposes

  

Notes to the Airports (Transitional) Act 1996

Note 1

The Airports (Transitional) Act 1996 as shown in this compilation comprises Act No. 36, 1996 amended as indicated in the tables below.

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 16 April 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
Airports (Transitional) Act 1996	36, 1996	9 Oct 1996	9 Oct 1996
Workplace Relations and Other Legislation Amendment Act 1996	60, 1996	25 Nov 1996	Schedule 11 (item 60): 31 Dec 1996 (see Gazette 1996, No. S535) (a)	--
Aviation Legislation Amendment Act (No. 1) 1997	30, 1997	17 Apr 1997	17 Apr 1997	--
Tax Law Improvement Act 1997	121, 1997	8 July 1997	Schedule 12 (item 31): 1 July 1997 (b)	--
Taxation Laws Amendment Act (No. 1) 1998	16, 1998	16 Apr 1998	Schedule 10 (items 58-64): Royal Assent (c)	Sch. 10 (item 64) [see Table A]
Aviation Legislation Amendment Act (No. 1) 1998	95, 1998	23 July 1998	Schedule 6: 9 Oct 1996 (d)	--
Taxation Laws Amendment Act (No. 6) 1999	54, 1999	5 July 1999	Schedule 4 (items 1-5): Royal Assent (e)	Sch. 4 (item 5) [see Table A]
Corporations (Repeals, Consequential and Transitional) Act 2001	55, 2001	28 June 2001	Ss. 4-14 and Schedule 3 (item 26): 15 July 2001 (see Gazette 2001, No. S285) (f)	Ss. 4-14 [see Note 1]
New Business Tax System (Capital Allowances--Transitional and Consequential) Act 2001	77, 2001	30 June 2001	Schedule 2 (items 1-9, 488(1)): Royal Assent (g)	Sch. 2 (item 488(1)) [see Table A]
Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006	101, 2006	14 Sept 2006	Schedule 2 (items 2, 3) and Schedule 6 (items 1, 6-11):  Royal Assent	Sch. 6 (items 1, 6-11) [see Table A]
Tax Laws Amendment (2006 Measures No. 6) Act 2007	4, 2007	19 Feb 2007	Schedule 2 (item 24): (h)	--
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 10 (items 1, 2): (i)	--
Statute Law Revision Act 2011	5, 2011	22 Mar 2011	Schedule 5 (items 5, 223-254): 19 Apr 2011	--
Acts Interpretation Amendment Act 2011	46, 2011	27 June 2011	Schedule 2 (item 60) and Schedule 3 (items 10, 11): 27 Dec 2011	Sch. 3 (items 10, 11) [see Table A]
Statute Stocktake Act (No. 1) 2011	100, 2011	15 Sept 2011	Schedule 1 (item 1): 16 Sept 2011	--

(a)     The Airports (Transitional) Act 1996 was amended by Schedule 11 (item 60) only of the Workplace Relations and Other Legislation Amendment Act 1996, subsection 2(2) of which provides as follows:

                 (2)   Subject to subsection (3), the items of the Schedules, other than Schedule 5, item 1 of Schedule 9, items 2 and 3 of Schedule 12, item 90 of Schedule 16 and the items of Schedule 19, commence on a day or days to be fixed by Proclamation.

(b)     The Airports (Transitional) Act 1996 was amended by Schedule 12 (item 31) only of the Tax Law Improvement Act 1997, subsection 2(5) of which provides as follows:

                 (5)   If there is no note specifying the commencement of an item in Schedule 12, the item commences on 1 July 1997 immediately after the commencement of the Income Tax Assessment Act 1997.

(c)     The Airports (Transitional) Act 1996 was amended by Schedule 10 (items 58-63) only of the Taxation Laws Amendment Act (No. 1) 1998, subsection 2(1) of which provides as follows:

                 (1)   Subject to subsection (2), this Act commences on the day on which it receives the Royal Assent.

(d)     The Airports (Transitional) Act 1996 was amended by Schedule 6 only of the Aviation Legislation Amendment Act (No. 1) 1998, subsection 2(4) of which provides as follows:

                 (4)   Schedule 6 is taken to have commenced on 9 October 1996, immediately after the commencement of the Airports (Transitional) Act 1996.

(e)     The Airports (Transitional) Act 1996 was amended by Schedule 4 (items 1-4) only of the Taxation Laws Amendment Act (No. 6) 1999, subsection 2(1) of which provides as follows:

                 (1)   Subject to subsection (2), this Act commences on the day on which it receives the Royal Assent.

(f)      The Airports (Transitional) Act 1996 was amended by Schedule 3 (item 26) 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.

(g)     The Airports (Transitional) Act 1996 was amended by Schedule 2 (items 1-9) only of the New Business Tax System (Capital Allowances--Transitionals and Consequential) Act 2001, subsection 2(1) of which provides as follows:

                 (1)   Subject to subsection (2), this Act commences on the day on which it receives the Royal Assent.

(h)     Subsection 2(1) (item 4) of the Tax Laws Amendment (2006 Measures No. 6) Act 2007, 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
4.  Schedule 2, item 24	Immediately after the commencement of Part 1 of Schedule 2 to the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006	14 September 2006

(i)      Subsection 2(1) (item 32) 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.

 

Provision(s)	Commencement	Date/Details
32.  Schedule 10	Immediately after the commencement of Part 2-4 of the Fair Work Act 2009.	1 July 2009

Table of Amendments

ad. = added or inserted    am. = amended    rep. = repealed    rs. = repealed and substituted
Provision affected	How affected
Part 1
S. 4......................................	am. No. 55, 2001; No. 5, 2011
S. 6......................................	am. No. 5, 2011
Part 2
Ss. 11-14............................	am. No. 5, 2011
S. 16....................................	am. No. 5, 2011
Part 3
S. 20....................................	am. No. 95, 1998
Ss. 23-26............................	am. No. 5, 2011
Part 4
S. 30....................................	am. No. 30, 1997; No. 5, 2011
S. 31....................................	am. No. 5, 2011
Part 5
S. 33....................................	am. No. 5, 2011
Part 6
S. 34....................................	am. No. 5, 2011
Ss. 36-38............................	am. No. 5, 2011
S. 39....................................	rep. No. 100, 2011
Part 7
S. 40....................................	am. No. 5, 2011
Ss. 42, 43............................	am. No. 5, 2011
Part 8
Division 3
S. 48A.................................	ad. No. 16, 1998
	am. No. 77, 2001; No. 101, 2006
S. 49....................................	rep. No. 101, 2006
S. 49A.................................	ad. No. 16, 1998
	am. No. 54, 1999
	rep. No. 101, 2006
S. 49B.................................	ad. No. 77, 2001
	am. No. 4, 2007; No. 5, 2011
S. 50....................................	rep. No. 101, 2006
S. 50A.................................	ad. No. 16, 1998
	rep. No. 101, 2006
S. 50B.................................	ad. No. 77, 2001
	am. No. 5, 2011
S. 51....................................	rep. No. 101, 2006
S. 51A.................................	ad. No. 16, 1998
	rep. No. 101, 2006
S. 51B.................................	ad. No. 77, 2001
	am. No. 5, 2011
S. 52....................................	rep. No. 101, 2006
S. 52A.................................	ad. No. 16, 1998
	am. No. 77, 2001; No. 5, 2011
Note to s. 52A(2)................	rs. No. 77, 2001
S. 53....................................	rep. No. 101, 2006
S. 54....................................	rep. No. 101, 2006
S. 54A.................................	ad. No. 121, 1997
Heading to s. 55................	am. No. 77, 2001
S. 55....................................	am. No. 16, 1998; No. 77, 2001; No. 46, 2011
Part 9
Division 2
S. 58....................................	am. No. 5, 2011
Division 3
S. 59....................................	am. No. 60, 1996; No. 8, 2008; No. 54, 2009
Note to s. 59(4)..................	ad. No. 54, 2009
Part 10
Division 2
S. 69....................................	am. No. 5, 2011
S. 70....................................	rep. No. 100, 2011
Division 3
Ss. 76, 77............................	am. No. 5, 2011
S. 78....................................	rep. No. 100, 2011
Part 13
S. 84....................................	am. No. 5, 2011

Table A

Application, saving or transitional provisions

Taxation Laws Amendment Act (No. 1) 1998   (No. 16, 1998)

Schedule 10

64  Application

The amendments made by this Part apply to assessments for the 1997-98 income year and later income years.

Taxation Laws Amendment Act (No. 6) 1999 (No. 54, 1999)

Schedule 4

5  Application

The amendments made by items 1 to 4 apply to assessments for the 1997-98 income year and later income years.

New Business Tax System (Capital Allowances--Transitional and Consequential) Act 2001 (No. 77, 2001)

Schedule 2

488  Application

(1)       Subject to subitem (2), the amendments made by this Schedule apply to:

                     (a)  depreciating assets:

                              (i)  you start to hold under a contract entered into after 30 June 2001; or

                             (ii)  you constructed where the construction started after that day; or

                            (iii)  you start to hold in some other way after that day; and

                     (b)  expenditure that does not form part of the cost of a depreciating asset incurred after that day.

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.

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.