TRUST RECOUPMENT TAX ASSESSMENT ACT 1985 (ARCHIVE)

SECTION 4 (ARCHIVE)   APPLICATION OF TAX LEGISLATION  

CCH Note:

Below is material repealed as inoperative in s 4 by No 101 of 2006.

4(6)   [Section 209 of Assessment Act and Sch 1, sec 255-5(2) of Administration Act]  

Proceedings shall not be instituted against a person under subsection 255-5(2) in Schedule 1 to the Taxation Administration Act 1953, for the recovery of any trust recoupment tax, or penalty tax, payable on a secondary taxable amount unless:

(a) the notice of assessment in respect of that tax was served on the person; or

(b) the Commissioner has served on the person a notice in writing to the effect that it is intended to commence proceedings for recovery of that tax and a period of 30 days has expired after the date of service of the notice.

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History

S 4(6) amended by No tlarip of 2006, s 3 and Sch 2 item 1003, by substituting "subsection 255-5(2) in Schedule 1 to the Taxation Administration Act 1953" for "section 209 of the Assessment Act, or subsection 255-5(2) in Schedule 1 to the Taxation Administration Act 1953", effective tlarip1.

S 4(6) amended by No 44 of 2000, s 3 and Sch 3 item 72, by inserting ``, or subsection 255-5(2) in Schedule 1 to the Taxation Administration Act 1953,'' after ``Assessment Act'', effective 22 December 1999.

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