Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)
Schedule 4 Recovery of Pay as you go (PAYG) withholding amounts
Part 2 Technical amendments
Income Tax Assessment Act 1936
15 Subsection 222AJB(3)
Repeal the subsection, substitute:
(3) If, because a judgment debt carries interest, section 8AAH of the Taxation Administration Act 1953 reduces the amount of a general interest charge payable as mentioned in paragraph (1)(b), the amount of the reduction is taken for the purposes of subsection (2) to have been applied towards discharging the person's liability to the charge.
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