Taxation Laws Amendment Act (No. 1) 1995 (120 of 1995)

Schedule 1   VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Part 10   PAYMENT OF INSTALMENTS BY COMPANIES ETC.

85   Application

(1) The amendments made by items 72 and 73 apply to assessments in respect of income of the 1994-95 year of income, and of all later years of income, where the return concerned is furnished or lodged after the commencement of this item.

(2) The amendments made by items 74 and 75 apply in relation to interest payable under section 170AA of the Income Tax Assessment Act 1936 where the current amended assessment, or amended determination, referred to in subsection (4) of that section is made after the commencement of this item.

(3) The amendments made by items 76 and 77 apply in relation to instalments for the 1994-95 year of income and for all later years of income.

(4) The amendments made by items 78, 80, 82, 83 and 84 have the same application as they would have had if they had been included in Division 1C of Part VI of the Income Tax Assessment Act 1936 as originally inserted by section 54 of the Taxation Laws Amendment Act (No. 2) 1993.