INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
A law, or a provision of a law, passed before the commencement of this subsection that purports to exempt a person from liability to pay TFN withholding tax or to pay taxes that include TFN withholding tax does not exempt that person from liability to pay TFN withholding tax.
221YHZZB(2) [Law passed after 24 December 1991]A law, or a provision of a law, passed after the commencement of this subsection that purports to exempt a person from liability to pay taxes under the laws of the Commonwealth or to pay certain taxes under those laws that include TFN withholding tax, other than a law or a provision that expressly exempts a person from liability to pay TFN withholding tax, is not to be construed as exempting the person from liability to pay TFN withholding tax.
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