INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 3B - Collection of tax in respect of certain payments  

Subdivision C - Collection of TFN withholding tax payable on the non-quotation of tax file numbers in respect of eligible deferred interest investments  

SECTION 221YHZXA  

221YHZXA   EXTENDED OPERATION OF CERTAIN PROVISIONS OF THE TAXATION ADMINISTRATION ACT  
In addition to their effect apart from this section, sections 18-15 , 18-20 and 18-25 in Schedule 1 to the Taxation Administration Act 1953 also have effect as if:

(a) in respect of an investor who has not adopted an accounting period in lieu of an income year - an amount paid under this Subdivision in relation to the income year and in relation to an eligible deferred interest investment of the investor; or

(b) in respect of any other investor - an amount paid under this Subdivision during an income year of the investor and in relation to an eligible deferred interest investment of the investor;

were an amount withheld during the income year, under subsection 12-140(1) in Schedule 1 to the Taxation Administration Act 1953 from a payment to the investor.