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 1   Amendment of the Taxation Administration Act 1953

4   Application of Part 2-10 in Schedule 1 to the 12

(1) Part 2-10 in Schedule 1 to the Taxation Administration Act 1953 applies to the 2000-2001 income year and later income years.

(2) However, the Commissioner may give an entity an instalment rate before the start of the 2000-2001 income year. In that case, section 45-50 in that Schedule applies as if the rate had been given on the first day of that income year.