Taxation Laws Amendment Act (No. 5) 2002 (119 of 2002)

Schedule 4   Recovery of Pay as you go (PAYG) withholding amounts

Part 1   Main amendments

Income Tax Assessment Act 1936

6   Paragraph 222AGB(2)(e)

Repeal the paragraph, substitute:

(e) state that if the person or the person's trustee gives the Commissioner a statutory declaration substantiating the actual unpaid amount of the liability to which the estimate relates, the estimate will be reduced accordingly; and

(ea) state that the estimate will be revoked if the person or the person's trustee gives the Commissioner a statutory declaration to the effect that, during the period concerned, the person did not:

(i) make any deductions for the purposes of Division 1AA, 2, 3A, 3B or 4; or

(ii) withhold any amounts under Division 12 in Schedule 1 to the Taxation Administration Act 1953; or

(iii) receive any payments that gave rise to a liability under Division 13 in that Schedule; or

(iv) provide any non-cash benefits that gave rise to a liability under Division 14 in that Schedule;

as the case requires; and

(eb) state that a statutory declaration mentioned in paragraph (e) or (ea) must comply with section 222AGF; and