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

34   Paragraph 160APAAA(3)(b)

Repeal the paragraph, substitute:

(b) an amount, in respect of a credit under section 221AZM, applied by the Commissioner against a liability of the company; or