Insolvency (Tax Priorities) Legislation Amendment Act 1993 (32 of 1993)

Part 5   CONSEQUENTIAL AMENDMENTS OF OTHER ACTS

30   Application of certain amendments of the Bankruptcy Act 1966

(1) The amendments of section 122 of the Bankruptcy Act 1966 apply to a payment made on or after the day on which this Act receives the Royal Assent, even if the tax or other amount became payable before that day.
            

(2) Despite the repeal of subsection 123 (5) of the Bankruptcy Act 1966, that subsection continues to apply in relation to a deduction in relation to which section 221P or 221YU of the Income Tax Assessment Act 1936 applies.