A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 11   PAYG withholding consequential amendments

Income Tax Assessment Act 1936

60   Subsection 222AOA(1)

Repeal the subsection, substitute:

(1) This Subdivision applies if a company incorporated under the Corporations Law of a State or Territory has:

(a) made one or more deductions having a particular due date, for the purposes of Division 1AA, 2, 3A, 3B or 4; or

(b) withheld one or more amounts having a particular due date, for the purposes of Division 12 in Schedule 1 to the Taxation Administration Act 1953; or

(c) provided one or more non-cash benefits on a particular day in relation to which it is required to pay an amount to the Commissioner under Division 14 in Schedule 1 to the Taxation Administration Act 1953, and has not paid that amount or those amounts.