Document ID: chunk:federal_register_of_legislation:C2004A01015:clause:1_28
Version: federal_register_of_legislation:C2004A01015
Segment Type: clause
Provision Reference: sch 1 cl 28
Character Range: 6858–7421

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.