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

5   Subsection 995-1(1)

Insert:

BAS provisions means:

(a) Part VII of the Fringe Benefits Tax Assessment Act 1986; and

(b) the indirect tax law (within the meaning of Part VI of the Taxation Administration Act 1953); and

(c) Parts 2-5 and 2-10 in Schedule 1 to the Taxation Administration Act 1953 (which are about the PAYG system); and

(d) the following:

(i) section 221AZK of the Income Tax Assessment Act 1936 in cases in which section 221AZKC applies (that section allows deferral of tax instalment payments);

(ii) section 221AZKD (which requires notification of deferred tax instalment payments).

Note: BAS stands for Business Activity Statement.