Indirect Tax Laws Amendment (Assessment) Act 2012 (39 of 2012)

Schedule 1   Assessment of amounts under indirect tax laws

Part 1   Amendments commencing on 1 July 2012

Division 4   Transitional amendments

Taxation Administration Act 1953

232   After subsection 14ZW(1AAB)

Insert:

(1AABA) Subsection (1AAB) applies in relation to:

(a) a tax period starting before 1 July 2012; or

(b) a payments or refund that:

(i) does not relate to any tax period; and

(ii) relates to a liability or entitlement that arose before 1 July 2012.

Note: Subsection (1AAB) and this subsection will be repealed on 1 January 2017: see Part 2 of Schedule 1 to the Indirect Tax Laws Amendment (Assessment) Act 2012.