Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)
Schedule 6 PAYG instalments
Taxation Administration Act 1953
8 After subsection 45-130(3) in Schedule 1
Insert:
(3A) For the purposes of subsection (3), you fail to satisfy proposed paragraph (1)(d) at the end of the first *instalment quarter in an income year if you are not a *small business entity (other than because of subsection 328-110(4) of the Income Tax Assessment Act 1997) for the income year that includes that instalment quarter.
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