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

Schedule 2   Collection and recovery rules

Part 2   Consequential amendment of Acts

Income Tax Assessment Act 1936

28   At the end of section 215

Add:

Application

(7) This section (including the extended operation that this section has because of any other provision of this Act) does not apply in relation to:

(a) a person who, on or after 1 July 2000, becomes the liquidator of a company; or

(b) a person who, on or after 1 July 2000, takes possession of assets of a company as a receiver for any debenture holders of the company; or

(c) an agent who, on or after 1 July 2000, is instructed to wind up the principal's business or realise the principal's assets.

Example: Subsection 163A(8) provides for an extended operation of this section in respect of a penalty under section 163A. However, despite that extended operation, this section does not apply in relation to a person mentioned in a paragraph of subsection (7).

Note: For provisions about collection and recovery of tax and other amounts on or after 1 July 2000 (including provisions about liquidators, receivers and agents), see Part 4-15 in Schedule 1 to the Taxation Administration Act 1953.