INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1C - Payment of instalments by companies and certain trustees  

Subdivision D - Estimates of current year's tax  

SECTION 221AZO   TAXPAYER MAY LODGE ESTIMATES OF CURRENT YEAR'S TAX  

221AZO(1)   [Number of estimates allowed]  

A taxpayer is entitled to lodge with the Commissioner up to 2 estimates of the tax (if any) that the taxpayer will be liable to pay for the current year.

221AZO(2)   [Non-revocable]  

An estimate cannot be revoked.