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

36   After subsection 221YHZC(1)

Insert:

(1AAAA) Subsection (1A) does not apply to a payment made after 30 June 2000.

Note: Instead, the investment body must withhold an amount under section 12-140 or 12-145 in Schedule 1 to the Taxation Administration Act 1953.


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