INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1B - Collection of tax on companies and trustees of certain funds  

SECTION 221AM  

221AM   WHEN INCOME TAX BECOMES DUE AND PAYABLE  
For the purposes of this Act, income tax in respect of a relevant entity's taxable income of a year of income to which this Division applies becomes due and payable:

(a) if the entity is required to make a payment under section 221AZD in respect of that year of income:

(i) if the entity furnishes the return on or before the day by which the entity is required to make the payment - on that day; or

(ii) if the entity furnishes the return after the day by which the entity is required to make the payment - on the day on which the return is furnished; or

(b) if the entity is not required to make a payment under section 221AZD in respect of that year of income otherwise than because no amount of income tax is payable - on the day that would have been applicable under paragraph (a) if the entity had been required to make such a payment under section 221AZD .