SALES TAX ASSESSMENT ACT 1992 (Repealed)

PART 4 - CREDITS

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SECTION 56 (Repealed by 101 of 2006)   EXCESS CREDITS MUST BE REPAID  

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56    If the amount deducted by the claimant under section 53, or applied by the Commissioner under Division 3 of Part IIB of the Taxation Administration Act 1953, is more than the amount of the credit to which the claimant is properly entitled, the excess is to be treated as if it were tax that became payable, and due for payment, by the claimant at the time when it was deducted or applied, as the case may be. [The main effect of treating the amount as if it were tax is to apply the collection and recovery rules in Part 5.]

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History

S 56 amended by No 178 of 1999, s 3 and Sch 2 item 33, effective 22 December 1999, by substituting ``Division 3 of Part IIB'' for ``section 8AAZL''; No 11 of 1999, s 3, Sch 1 item 300, effective 1 July 1999, by substituting ``section 8AAZL of the Taxation Administration Act 1953'' for ``section 55''.

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