INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteThe Commissioner may, having regard to laws relating to taxation that:
(a) have been enacted, or, in the opinion of the Commissioner, are likely to be enacted, by the Parliament; and
(b) alter, or, in the opinion of the Commissioner, are likely to alter, the amount of income tax which a taxpayer is liable to pay in respect of income of a year of income;
determine that the amount that, apart from this subsection and subsection 221YBA(4) , would be payable by the taxpayer as an instalment of provisional tax for the year of income shall be reduced by such amount as the Commissioner thinks appropriate.
221YCB(2) [Commissioner's powers]Nothing in this section limits the Commissioner's powers under section 221YDC or 221YG .
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