Income Tax Act 2007 Schedule 2 paragraph 7

General saving for old transitional provisions and savings

Schedule 2 paragraph 7 ensures that old transitional provisions and savings from earlier legislation continue to have effect even though the Income Tax Act 2007 repeals the legislation they originally related to.

• Where the 2007 Act repeals a transitional or saving provision linked to a rewritten enactment, that provision continues to operate if it has not been specifically rewritten but remains capable of having effect in relation to the corresponding new provision.
• Where an enactment had previously been repealed subject to savings, the repeal of that enactment by the 2007 Act does not disturb the continued operation of those earlier savings.
• Where a saving attached to an earlier repeal is itself repealed by the 2007 Act, the saving still operates provided it has not been specifically rewritten and remains capable of having effect.
• The overall purpose is to prevent the rewrite process from inadvertently extinguishing protections and transitional arrangements that Parliament originally intended to preserve.