Tax Laws Amendment (Fairer Taxation of Excess Concessional Contributions) Act 2013 (118 of 2013)

Schedule 1   Fairer taxation of excess concessional contributions

Part 7   Application, transitional and saving provisions

Division 2   Saving provisions

114   Saving of provisions about general interest charge and interest

If:

(a) a provision or part of a provision that is repealed or amended by this Act provides for the payment of:

(i) general interest charge or shortfall interest charge; or

(ii) an amount of interest worked out under subsection 292-425(2) of the Income Tax Assessment Act 1997; and

(b) in a particular case, the period in respect of which the charge or interest is payable (whether under the provision or under the Taxation Administration Act 1953) has not begun, or has begun but not ended, when the provision is repealed or amended;

then, despite the repeal or amendment, the provision or part continues to apply in the particular case until the end of the period.