INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART VI
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COLLECTION AND RECOVERY OF TAX
Division 1B
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Collection of tax on companies and trustees of certain funds
An amount refunded to a relevant entity under subsection 221AQ(3) , 221AR(6) , 221AU(4) , 221AV(4) , 221AW(5) or 221AX(14) is to be taken for the purposes of this Act (other than Part IIIAA ) to reduce the amount of the initial payment of tax made in respect of the entity's taxable income of the year of income concerned.
SECTION 221AZA
221AZA
REFUND TO REDUCE INITIAL PAYMENT OF TAX
An amount refunded to a relevant entity under subsection 221AQ(3) , 221AR(6) , 221AU(4) , 221AV(4) , 221AW(5) or 221AX(14) is to be taken for the purposes of this Act (other than Part IIIAA ) to reduce the amount of the initial payment of tax made in respect of the entity's taxable income of the year of income concerned.
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