INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1C - Payment of instalments by companies and certain trustees  

Subdivision B - General rules for payment of instalments  

SECTION 221AZJA   APPLICATION OF THIS DIVISION  

221AZJA(1)   [2000-01 and later income years]  

A taxpayer is not liable to pay instalments under this Division 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 .

221AZJA(2)   [Taxpayers not liable for instalments]  

If a taxpayer is not liable to pay instalments under this Division because of subsection (1), the taxpayer is no longer to be regarded as an instalment taxpayer within the meaning of this Division for the purposes of:

(a) a provision of this Act apart from this Division; and

(b) a provision of any other Act.