Settlement Commission procedure modified: removes interest from penalties and limits extension powers; prior applications preserved. Amendment to section 127H, effective 1 June 2007, removes reference to interest in sub section (1), thereby narrowing amounts subject to exclusion in settlement applications, and inserts a transitional declaration preserving disposal of applications filed on or before 31 May 2007 as if the amendment had not taken effect. In sub section (2) the cross reference to the time limit framework is changed to subsection (5) of the related provision and the prior allowance for further time by the Settlement Commission is omitted, limiting the Commission's temporal discretion.