INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX

Division 6 - Deductions from certain withdrawals from Australian Film Industry Trust Fund accounts

SECTION 221ZU PERSONS DISCHARGED FROM LIABILITY IN RESPECT OF DEDUCTIONS FROM REFUNDS

221ZU(1) [Liability to account to Commissioner]

Subject to subsection (2), where a person makes, or purports to make, a deduction under subsection 221ZN(1) , the person is, by force of this section, discharged from all liability to pay or account for the deduction to any person other than the Commissioner.

221ZU(2) [Exemption certificate produced before payment]

Subsection (1) ceases to apply in relation to a deduction that was made, or purports to have been made, under paragraph 221ZN(1)(a) if, before the amount deducted is paid to the Commissioner, a certificate under subsection 221ZN(3) in relation to the amount deducted is produced to the person who made the deduction.

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