A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 16   PAYG instalments consequential amendments

Income Tax Assessment Act 1936

7   After section 161A

Insert:

161AA Contents of returns of full self-assessment taxpayers

A full self-assessment taxpayer must, in a return for a year of income, specify:

(a) its taxable income or its net income for that year of income; and

(b) the amount (if any) of the tax payable on that taxable income or net income; and

(c) the amount of interest (if any) payable by the taxpayer under section 102AAM for that year of income.