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 221AZKD   NOTIFICATION OF DEFERRED PAYMENTS  

221AZKD(1)   [Notification by due date]  

An instalment taxpayer that chooses to defer payment of a final instalment under section 221AZKC must notify the Commissioner of the amount of the instalment on or before the day on which the amount is due to be paid under that section (regardless of whether it is paid).

221AZKD(2)   [Approved form]  

The notification must be in the approved form and lodged with the Commissioner.

221AZKD(3)   [Interpretation]  

In this section:

approved form
has the same meaning as in section 388-50 in Schedule 1 to the Taxation Administration Act 1953 .