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

35   Subparagraph 160APYA(b)(ii)

Repeal the subparagraph, substitute:

(ii) the Commissioner applies an amount, in respect of a credit under section 221AZM, against a liability of the company; and