INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1AA - Reportable payments system (RPS)  

Subdivision L - Tax credits for deductions from reportable payments  

SECTION 220AZ  

220AZ   ENTITLEMENT TO CREDIT - PAYEE NEITHER A PARTNERSHIP NOR A TRUSTEE  
If:

(a) any deductions have been made under this Division from reportable payments made in a year of income to a person (other than a partnership or the trustee of a trust estate); and

(b) an assessment has been made of the tax payable, or the Commissioner is satisfied that no tax is payable, by the person in relation to the year of income;

the person is entitled to a credit of an amount equal to the deductions.