S 170BD repealed by No 161 of 2005, s 3 and Sch 2 item 5, applicable to things done on or after 1 January 2006. S 170BD formerly read:
SECTION 170BD EFFECT OF PUBLIC RULING ON WITHHOLDING TAX
170BD(1)
Expressions used in this section have the same meanings as in section
170BA
.
170BD(2)
If:
(a)
there is a public ruling on the way in which an income tax law applies to a person in relation to an arrangement; and
(b)
an amount of withholding tax is payable that exceeds what would have been payable if that law applied in that way;
then:
(c)
the Commissioner may not sue for the recovery of the amount of the excess; and
(d)
the Commissioner must not serve on a person a notice that the excess is payable by the person; and
(e)
the excess is remitted.
S 170BD inserted by No 101 of 1992.
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