Northern Territory Numbered Acts

REVENUE LEGISLATION AMENDMENT ACT 2012 (NO 20 OF 2012) - SECT 16

After section 82

insert

Division 2     Transitional matters for Revenue Legislation Amendment Act 2012

83     Application of amendments

    (1)     The amendment made to this Act by section  14 of the Revenue Legislation Amendment Act 2012 applies only in relation to a tax or levy that is:

    (a)     specified in, or calculated in accordance with, an agreement entered into on or after 1 May 2012; and

    (b)     payable on or after 1 July 2012.

    (2)     The remaining amendments made to this Act by the Revenue Legislation Amendment Act 2012 apply in relation to a fee, tax or levy that is payable on or after 1 July 2012, including a fee, tax or levy that is specified in, or calculated in accordance with, an agreement entered into before 1 July 2012.

84     Application of Taxation Administration Act to tax or levy specified in existing agreement

    (1)     This section applies to a tax or levy that is:

    (a)     payable by a person under section 24(3), 46M(3) or 47M(3); and

    (b)     specified in, or calculated in accordance with, an existing agreement.

    (2)     Part 7 of the Taxation Administration Act applies in relation to the tax or levy as if it were a tax under a taxation law, whether the tax or levy is payable before or after 1 July 2012.

    (3)     In this section:

"existing agreement" means an agreement made under section 17, 46C or 47C before 1 May 2012.