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

46   Before section 221ZM

Insert in Division 6 of Part VI:

221ZMA Division does not apply to withdrawals made after 30 June 2000

This Division does not apply to a withdrawal from a film account made after 30 June 2000.