Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 1   AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Part 3   DIVIDEND IMPUTATION

27   Section 160APA (after paragraph (a) of the definition of 'termination time')

Insert:

"(aa) in relation to the payment of a company tax instalment in respect of a year of income - the earlier of:

(i) the time at which the company receives an amount as a refund of that payment under section 221AZL or 221AZQ; and

(ii) whichever of the following is applicable:

(A) if the company is required to make a payment under section 221AZT in respect of the year of income - the day on which that payment is made;

(B) in any other case - the day that would have been applicable under paragraph 166A(2)(b) if the company had been required to make such a payment under section 221AZT; or".