INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1A - Collection by instalments of tax on companies in respect of years of income before the year of income ending on 30 June 1990  

SECTION 221AF   WHEN INSTALMENT OF TAX PAYABLE  

221AF(1)   [Notice by Commissioner]  

The Commissioner may, during a year of tax, cause a notice in writing to be served on a company specifying:


(a) the amount payable by the company as an instalment of tax in respect of its income of the year of income; and


(b) the date on which that amount is due and payable.

221AF(2)   [Specified date]  

The date to be specified in a notice under subsection (1) as the date on which an amount is due and payable by a company as an instalment of tax in respect of income of the company of a year of income shall be a date that is not earlier than 30 days after the date of service of the notice and is:


(a) in the case of an instalment of tax in respect of income of the year of income that commenced on 1 July 1976:


(i) if the notice is the first notice served on the company under subsection (1) in respect of income of that year of income - not earlier than 15 November 1977; or

(ii) if the notice is the second notice served on the company under that subsection in respect of income of that year of income - not earlier than 15 February 1978; and


(b) in the case of an instalment of tax in respect of income of the company of a subsequent year of income:


(i) if the notice is the first notice served on the company under subsection (1) in respect of income of that year of income - not earlier than 15 August in the relevant year of tax;

(ii) if the notice is the second notice served on the company under that subsection in respect of income of that year of income - not earlier than 15 November in the relevant year of tax; or

(iii) if the notice is the third notice served on the company under that subsection in respect of income of that year of income - not earlier than 15 February in the relevant year of tax.


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