Tax Laws Amendment (2012 Measures No. 2) Act 2012 (99 of 2012)

Schedule 1   Companies' non-compliance with PAYG withholding and superannuation guarantee obligations

Part 1   Recovery of penalties

Division 2   Penalties for new directors

Taxation Administration Act 1953

7   Application of amendments

The amendments made by this Division apply to you, in relation to an obligation under section 269-15 in Schedule 1 to the Taxation Administration Act 1953, if you:

(a) become a director of the relevant company; and

(b) begin to be under the obligation;

on or after the commencement of this item.