Taxation Laws Amendment Act (No. 2) 1995 (169 of 1995)

Schedule 3   VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Part 1   REFUNDS OF TFN AMOUNTS DEDUCTED IN ERROR

11   Subsection 221YHZDA(2)

Omit the subsection, substitute:

"(2) If the investment body is liable to pay the excess amount to

the person under subsection (1), the person is not entitled to a

credit under section 221YHZK in respect of the excess amount.".