Income Tax Assessment Act 1936

S 170BD repealed by No 161 of 2005, s 3 and Sch 2 item 5, applicable to things done on or after 1 January 2006. S 170BD formerly read:

SECTION 170BD EFFECT OF PUBLIC RULING ON WITHHOLDING TAX  
170BD(1)
Expressions used in this section have the same meanings as in section 170BA .

170BD(2)
If:

(a) there is a public ruling on the way in which an income tax law applies to a person in relation to an arrangement; and

(b) an amount of withholding tax is payable that exceeds what would have been payable if that law applied in that way;

then:

(c) the Commissioner may not sue for the recovery of the amount of the excess; and

(d) the Commissioner must not serve on a person a notice that the excess is payable by the person; and

(e) the excess is remitted.

S 170BD inserted by No 101 of 1992.