Retrospective rulemaking power permitted under amendment with safeguard preventing retrospective rules that prejudicially affect assessees' interests. The substitution of subsection (3) to section 46 authorises rule making with retrospective effect from no earlier than the Act's commencement, while ... Summary
Retrospective rulemaking power permitted under amendment with safeguard preventing retrospective rules that prejudicially affect assessees' interests.
The substitution of subsection (3) to section 46 authorises rule making with retrospective effect from no earlier than the Act's commencement, while providing that, unless a contrary intention is established, such retrospective rules shall not prejudicially affect the interests of assessees.
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