Treasury Legislation Amendment (Repeal Day) Act 2015 (2 of 2015)

Schedule 2   Consolidation and repeal of tax provisions

Part 3   Repeals of penalty tax provisions

Division 2   Savings provisions

95   Object

The object of this Division is to ensure that, despite the repeals and amendments made by Division 1 of this Part, the full legal and administrative consequences of:

(a) any act done or omitted to be done; or

(b) any state of affairs existing; or

(c) any period ending;

before such a repeal or amendment commences, can continue to arise and be carried out, directly or indirectly through an indefinite number of steps, even if some or all of those steps are taken after the repeal or amendment commences.