Clause 72

Paragraph (i) of section 37I(11) of the principal Act applies in respect of an event referred to in paragraph (d) of section 37I(11) of the principal Act (inserted by section 33 of this Act) which occurs at any time before the date the Income Tax (Amendment) Act 2011 is published in the Gazette, as if the reference to 30 days from the date of the event were a reference to 30 days from the first-mentioned date.

Section 57(a) of this Act only applies to a refusal by the Comptroller to amend an assessment on or after the date the Income Tax (Amendment) Act 2011 is published in the Gazette, and section 79(1)(a) of the principal Act in force immediately before that date shall continue to apply to a refusal before that date.

For a period of 2 years after the date of commencement of this section, the Minister may, by regulations, prescribe such provisions of a savings or transitional nature consequent on the enactment of any provision of this Act, as he may consider necessary or expedient.