INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1B - Collection of tax on companies and trustees of certain funds  

SECTION 221AKA   TERMINATION OF OPERATION OF THIS DIVISION  

221AKA(1)   [When not applicable]  

This Division does not apply to a taxpayer in relation to a year of income if Division 1C applies to the taxpayer for that year of income.

221AKA(2)   [Effect of non-application]  

If this Division ceases to apply to a taxpayer because of subsection (1), the taxpayer is no longer to be regarded as a relevant entity within the meaning of this Division for any purpose of this Act.

221AKA(3)   [2000-01 and later income years]  

This Division does not apply to a taxpayer for the 2000-01 income year or a later income year.

Note:

For the 2000-01 income year a taxpayer may be liable to pay PAYG instalments: see Division 45 in Schedule 1 to the Taxation Administration Act 1953 .