A New Tax System (Pay As You Go) Act 1999 (178 of 1999)

Schedule 1   Pay as you go (PAYG) system of collecting income tax and other liabilities

Part 2   Consequential amendment of Acts

Income Tax Assessment Act 1936

40   Before subsection 221YL(1)

Insert:

(1A) This section (except subsections (2D), (2DA) and (2E)) does not apply to a dividend, interest or a royalty paid after 30 June 2000.

Note: Instead, see Subdivision 12-F in Schedule 1 to the Taxation Administration Act 1953.