Income Tax Act 2007 section 1031

Repeals and revocations

Section 1031 gives effect to Schedule 3, which lists the repeals and revocations of earlier legislation that are no longer needed following the rewrite of income tax law in the Income Tax Act 2007.

• This section activates Schedule 3 of the Income Tax Act 2007
• Schedule 3 lists earlier legislation that is repealed or revoked
• The repeals include spent enactments that are no longer operative
• This is a standard housekeeping provision ensuring old legislation is formally removed from the statute book