Taxation Laws Amendment Act (No. 3) 1999 (11 of 1999)

Schedule 1   Running balance accounts, general interest charge and related matters

Part 1   Amendments

Income Tax Assessment Act 1936

129   Section 221AZM

Repeal the section, substitute:

221AZM Entitlement to instalment credit

A taxpayer who pays an instalment is entitled to a credit equal to the amount of the instalment.