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TAXATION LAWS AMENDMENT (RATES AND PROVISIONAL TAX) ACT 1990 No. 87 of 1990 - SECT 14
Transitional - penalties under section 221YDB of the amended Act
14. (1) In this section:
"amended Act" means the Principal Act as amended by this Act.
(2) In spite of anything in Division 3 of Part VI of the amended Act, where
both of the following conditions are satisfied in relation to an estimate
furnished by a taxpayer under section 221YDA of the amended Act:
(a) the estimate relates to the year of income commencing on1 July 1990;
(b) the estimate was furnished before the commencement of this section;
section 221YAB of the amended Act does not affect the application of
subsection 221YDB (1) or paragraph 221YDB (1AA) (b) of the amended Act
in relation to that estimate.
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