Schedule 6 Amendment of State Owned Corporations Act 1989 No 134

(Section 3)

[1]   Section 15 Tax-equivalents

Insert after section 15 (6):

  

(6A)  If a refund is required, the Treasurer, or an authorised person, may direct payment out of the Consolidated Fund of the amount required to be refunded. The Consolidated Fund is appropriated to the necessary extent to enable payment of such refunds.

[2]   Section 15 (10)

Insert in alphabetical order:

  

authorised person means the Chief Commissioner of State Revenue, or an officer of Treasury authorised by the Chief Commissioner of State Revenue to exercise the functions of an authorised person under this section.

[3]   Section 20T Tax-equivalents

Insert after section 20T (6):

  

(6A)  If a refund is required, the Treasurer, or an authorised person, may direct payment out of the Consolidated Fund of the amount required to be refunded. The Consolidated Fund is appropriated to the necessary extent to enable payment of such refunds.

[4]   Section 20T (10)

Insert in alphabetical order:

  

authorised person means the Chief Commissioner of State Revenue, or an officer of Treasury authorised by the Chief Commissioner of State Revenue to exercise the functions of an authorised person under this section.

[5]   Schedule 11 Savings and transitional provisions

Insert at the end of clause 1 (1):

  

•  State Revenue Legislation Amendment Act 2005

[6]   Schedule 11, Part 4

Insert after Part 3:

  

Part 4 Provisions consequent on enactment of State Revenue Legislation Amendment Act 2005

5   Validation for tax-equivalent payments

Anything done or omitted to be done that would have been validly done or omitted if the amendments to sections 15 and 20T made by the State Revenue Legislation Amendment Act 2005 had been in force at the time that it was done or omitted is validated.