INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1A - Collection by instalments of tax on companies in respect of years of income before the year of income ending on 30 June 1990  

SECTION 221AH   NOTICE OF ALTERATION OF AMOUNT OF INSTALMENT  

221AH(1)   [Instalment reduced]  

Where -

(a) a notice has been served on a company under subsection 221AF(1) specifying the amount payable by the company as an instalment of tax in respect of its income of the year of income; and

(b) by reason of -

(i) the making of a determination by the Commissioner under subsection 221AE(2) ; or

(ii) the operation of subsection 221AE(1A) , (5) or (6) or 221AG(4), (5) or (5A),

the amount payable as the instalment has been reduced or the instalment is not payable,

the Commissioner shall cause to be served on the company a further notice in writing specifying the reduced amount as the amount payable as the instalment or stating that the instalment is not payable, as the case may be, and, if the further notice so specifies a reduced amount, the reduced amount is payable, or shall be deemed to have been payable, as the case may be, on the date specified in the first-mentioned notice.

221AH(2)   [Commissioner's estimate]  

Where, by reason of the operation of subsection 221AG(5) , the amount payable by a company as an instalment of tax is greater than the adjusted instalment of tax, the notice served on the company under subsection (1) of this section continues to have effect but the Commissioner shall cause to be served on the company a further notice in writing specifying -

(a) the amount of the increase in the instalment of tax that became payable by reason of subsection 221AG(5) ; and

(b) a date as the due date for payment of that amount, being a date not less than 14 days after the date of service of the last-mentioned notice,

and the amount of the increase in the instalment of tax so specified is, notwithstanding the provisions of section 221AF , due and payable on the date so specified.

221AH(3)   [Where sec 221AG(5A) applies]  

Where -

(a) subsection 221AG(5A) applies in relation to instalments of tax in respect of the income of a company of a year of income; and

(b) a notice is served on the company under subsection (2) of this section specifying -

(i) the amount of the increase in an instalment of tax in respect of the income of the company of the year of income that became payable by reason of subsection 221AG(5) ; and

(ii) a date as the due date for payment of that amount,

so much of each of the other instalments of tax referred to in paragraph (a) as is equal to the amount referred to in subparagraph (b)(i) is, notwithstanding the provisions of section 221AF , due and payable on the date so specified.