Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 (101 of 2006)

Schedule 2   Consequential amendments relating to Schedule 1 repeals etc.

Part 1   Amendments: general

Trust Recoupment Tax Assessment Act 1985

997   Subsection 3(1) (definition of applied penalty tax )

Omit "additional tax under Part VII of the Assessment Act", substitute "a penalty under Part 4-25 in Schedule 1 to the Taxation Administration Act 1953".