Tax Laws Amendment (2012 Measures No. 2) Act 2012 (99 of 2012)

Schedule 1   Companies' non-compliance with PAYG withholding and superannuation guarantee obligations

Part 3   Superannuation guarantee charge

Division 1   Estimates

Corporations Act 2001

34   Subsection 588FGA(1)

Repeal the subsection, substitute:

(1) This section applies if the Court makes an order under section 588FF against the Commissioner of Taxation because of the payment of an amount in respect of a liability:

(a) under any of the following provisions:

(i) former section 220AAE, 220AAM or 220AAR of the Income Tax Assessment Act 1936;

(ii) former section 221F (except subsection 221F(12)), former section 221G (except subsection 221G(4A)) or former section 221P of the Income Tax Assessment Act 1936;

(iii) former subsection 221YHDC(2) of the Income Tax Assessment Act 1936;

(iv) former subsection 221YHZD(1) or (1A) of the Income Tax Assessment Act 1936;

(v) former subsection 221YN(1) of the Income Tax Assessment Act 1936;

(vi) section 222AHA of the Income Tax Assessment Act 1936;

(vii) Subdivision 16-B in Schedule 1 to the Taxation Administration Act 1953; or

(b) to pay the amount of an estimate of unpaid superannuation guarantee charge under Division 268 in Schedule 1 to the Taxation Administration Act 1953.