Commentary on Sections Overview Section 377: Transitional provisions and savings
687.This section introduces Schedule 9 and provides for the Treasury to make transitional or saving provisions additional to those contained within the Schedule. It is new. A corresponding provision is in section 1325 of CTA 2009.
688.The power will not be exercised without the agreement of the Tax Law Rewrite Project’s Consultative and Steering Committees.
689.Subsection (3) provides that the power may be used to make provision having retrospective effect.