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 221AZKEA  

221AZKEA   EFFECT ON SECTIONS 221AZKB AND 221AZKC IF ASSESSMENT IS AMENDED  
If an instalment taxpayer's assessment for the 1999-2000 year of income is amended on one or more occasions, sections 221AZKB and 221AZKC apply, and are taken always to have applied, as if the taxpayer's assessed tax for that year had always been the total of:

(a) the tax payable for that year; and

(b) the amount of interest (if any) payable under section 102AAM for that year;

as shown in the notice of the taxpayer's latest assessment for that year.

Note:

This may affect how much of the final instalment can be deferred, and the number and amounts of quarterly payments by which the taxpayer must pay off the deferred amount.