Div 21 inserted by No 42 of 2009, s 3 and Sch 1 item 34, effective 23 June 2009. No 42 of 2009, s 3 and Sch 1 item 35 contains the following application provision:
Application of Division 21 in Schedule 1 to the
Taxation Administration Act 1953
(1)
Division 21 applies in relation to things done before, on or after 23 June 2009 to meet entitlements arising after 17 October 2008 under the following provisions:
(a)
Division
2AA
of Part
II
of the
Banking Act 1959
;
(b)
Part
VC
of the
Insurance Act 1973
.
Note:
Division
2AA
of Part
II
of the
Banking Act 1959
and Part
VC
of the
Insurance Act 1973
commenced on 18 October 2008.
(2)
However, this item does not:
(a)
require APRA to do anything APRA would have been required by Part
2-5
in Schedule
1
to the
Taxation Administration Act 1953
to do before 23 June 2009 had Division
21
in that Schedule commenced on 18 October 2008; or
(b)
make APRA liable to criminal or administrative penalty for an omission occurring before 23 June 2009.