A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 18   Consequential amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997

24   Subsection 995-1(1)

Insert:

outstanding tax-related liability of an entity at a particular time means a *tax-related liability of the entity:

(a) that has arisen at or before that time (whether or not it is due and payable at that time); and

(b) an amount of which has not been paid before that time.