Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)

Schedule 6   Exploration development incentive

Part 4   Application and saving provisions

Division 2   Savings provisions relating to repeal of Division 418

77   Saving of provisions about general interest charge or shortfall interest charge


(a) a provision or part of a provision that is repealed or amended by Part 3 of this Schedule provides for the payment of:

(i) general interest charge or shortfall interest charge (within the meaning of the Income Tax Assessment Act 1997); or

(ii) interest under the Taxation (Interest on Overpayments and Early Payments) Act 1983; 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or under the Taxation Administration Act 1953) has not begun, or has begun but not ended, when the provision is repealed or amended;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.