Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-5 - CORPORATE TAXPAYERS AND CORPORATE DISTRIBUTIONS  

Division 197 - Tainted share capital accounts  

Subdivision 197-C - Consequence of transfer: tainting of share capital account  

SECTION 197-70  

197-70   Due date for payment of untainting tax  

*Untainting tax is due and payable at the end of 21 days after the end of the *franking period in which the choice to untaint was made.

Note:

For provisions about collection and recovery of untainting tax, see Part 4-15 in Schedule 1 to the Taxation Administration Act 1953 .