A New Tax System (Tax Administration) Act 1999 (179 of 1999)
Schedule 18 Consequential amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997
5 Subsection 995-1(1)
Insert:
BAS provisions means:
(a) Part VII of the Fringe Benefits Tax Assessment Act 1986; and
(b) the indirect tax law (within the meaning of Part VI of the Taxation Administration Act 1953); and
(c) Parts 2-5 and 2-10 in Schedule 1 to the Taxation Administration Act 1953 (which are about the PAYG system); and
(d) the following:
(i) section 221AZK of the Income Tax Assessment Act 1936 in cases in which section 221AZKC applies (that section allows deferral of tax instalment payments);
(ii) section 221AZKD (which requires notification of deferred tax instalment payments).
Note: BAS stands for Business Activity Statement.
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