Taxation Laws Amendment Act (No. 1) 1995 (120 of 1995)

Schedule 1   VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Part 10   PAYMENT OF INSTALMENTS BY COMPANIES ETC.

76   After subsection 207(1AA)

Insert:

"(1AB) For the purposes of this section:

(a) despite section 221AZT, the final instalment under section 221AZK is taken to become due and payable on the day on which it is required to be paid under that section; and

(b) the tax specified under section 221AZS in a return is taken to be reduced by any credits or offsets within the meaning of paragraph 221AZP(1)(b) in determining the amount of the final instalment, if any, under section 221AZK.".