Document ID: chunk:federal_register_of_legislation:C2024C00464:clause:1_336
Version: federal_register_of_legislation:C2024C00464
Segment Type: clause
Provision Reference: sch 1 cl 336
Character Range: 77463–78121

336  Application—amendments of the Income Tax Assessment Act 1997
(1) The repeal of section 26‑18 of the Income Tax Assessment Act 1997 by this Schedule does not apply to unit shortfall charge imposed on:
 (a) a unit shortfall for the financial year beginning on 1 July 2012; or
 (b) a unit shortfall for the financial year beginning on 1 July 2013.
(2) Despite the amendments of the Income Tax Assessment Act 1997 made by this Schedule (other than the amendment of section 12‑5 or the repeal of section 26‑18), that Act continues to apply, in relation to carbon units issued before the designated carbon unit day, as if those amendments had not been made.