Sch 1 (Savings, transitional and other), s 9
CurrentPenalty tax
Schedule 1Savings, transitional and other provisions
Part 2Provisions arising from enactment of this Act
9 Penalty tax
(1)
Division 2 of Part 5 does not apply to a tax default that occurred before the commencement of that Division.
(2)
The relevant taxation law as in force immediately before the commencement of Division 2 of Part 5 continues to apply to the liability for, and calculation of, any fine or penalty payable in relation to a tax default that occurred before that commencement as if this Act and the Taxation Administration (Consequential Amendments) Act 1996 had not been enacted.
This Act’s bill:Explanatory memorandumSecond reading speech
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