Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)

Schedule 1   Collection and recovery of tax

Part 3   Application, transitional and saving provisions

Divison 4   Estimates

58   Estimates

New estimate

(1) Section 268-10 in Schedule 1 to theTaxation Administration Act 1953, as added by this Schedule, applies in relation to an amount you became liable to pay to the Commissioner under section 16-70 in Schedule 1 to that Act before, on or after the commencement time.

Existing estimate

(2) Subitem (3) applies to an estimate that:

(a) was made under section 222AGA of theIncome Tax Assessment Act 1936 (whether or not notice of it has been sent to you or your trustee); and

(b) was in force just before the commencement time.

(3) The estimate remains in force, from the commencement time, as if it had been made under section 268-10 in Schedule 1 to theTaxation Administration Act 1953, as added by this Schedule.