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

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

Part 1   Amendments

Fringe Benefits Tax Assessment Act 1986

6   Section 109

Insert:

GIC period , in relation to an instalment in relation to a standard year of tax, means:

(a) in the case of a first instalment - the period starting at the beginning of 29 July in the year of tax and finishing at the end of 28 October in the year of tax; or

(b) in the case of a second instalment - the period starting at the beginning of 29 October in the year of tax and finishing at the end of 28 January in the year of tax; or

(c) in the case of a third instalment - the period starting at the beginning of 29 January in the year of tax and finishing at the end of 28 April in the next succeeding year of tax.