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 221YHZZ  

221YHZZ   OVERPAYMENTS OF TFN WITHHOLDING TAX  
If any TFN withholding tax has been overpaid, whether as the result of a remission or for any other reason:

(a) the Commissioner must refund the amount overpaid; and

(b) the investor is not entitled to a credit under section 221YHZK of this Act, or under section 18-15 , 18-20 or 18-25 in Schedule 1 to the Taxation Administration Act 1953 , in respect of the amount overpaid.