Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)

Schedule 2   Consolidation etc.

Part 10   Liability for payment of tax where head company fails to pay on time

Income Tax Assessment Act 1997

61   Subsections 721-25(2) and (3)

Omit "Despite subsection (1)", substitute "Despite subsections (1) and (1A)".