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 221AZKE   MODIFIED APPLICATION OF SECTIONS 221AZKB AND 221AZKC TO ENTITY ADOPTING A SUBSTITUTED ACCOUNTING PERIOD  

221AZKE(1)   [Application]  

Sections 221AZKB and 221AZKC apply to an entity with modifications that the Commissioner determines in writing if the Commissioner has granted the entity leave under section 18 to adopt an accounting period ending on a day other than 30 June and, as a result:

(a) the entity's 1999-2000 year of income will end on a day of a calendar year that does not correspond to the last day of the entity's 1998-99 year of income; or

(b) the entity's 2000-01 year of income will end on a day of a calendar year that does not correspond to the last day of the entity's 1999-2000 year of income.

221AZKE(2)   [Effect of s 221AZKEA]  

Subsection (1) also has effect for the purposes of section 221AZKEA as applying to the entity.

221AZKE(3)   [Interpretation]  

In this section:

entity
has the meaning given by section 960-100 of the Income Tax Assessment Act 1997 .