Higher Education Legislation Amendment Act (No. 2) 2002 (78 of 2002)

Schedule 1   Amendment of the Higher Education Funding Act 1988

Part 6   Application of tax legislation

28   Subsection 106U(2)

Repeal the subsection, substitute:

(2A) Part 4-25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:

(a) any HEC assessment debt of a person were income tax payable by the person in respect of the year of income in respect of which the assessment of that debt was made; and

(b) Chapters 4, 4A, 4B, 5, 5A and 5B of this Act were income tax laws.

(2B) Subsection (2A) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.