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 221AP   WHEN INITIAL PAYMENT TO BE MADE  

221AP(1)   [Obligation]  

Subject to sections 221AN , 221AT , 221AU and 221AV , a relevant entity must make an initial payment of tax in respect of its taxable income of a year of income to which this Division applies not later than 28 July next following that year of income.

221AP(2)   [Date due and payable]  

An initial payment of tax is due and payable on the day referred to in subsection (1).