Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)

Schedule 5   Administration

Taxation Administration Act 1953

4   At the end of section 8AAZL (after the note)

Add:

(3) However, the Commissioner does not have to treat an amount using either of those methods if doing so would require the Commissioner to apply the amount against a tax debt:

(a) that is:

(i) not a BAS amount (as defined in subsection 995-1(1) of theIncome Tax Assessment Act 1997); and

(ii) due but not yet payable; or

(b) in respect of which the taxpayer has complied with an arrangement under section 255-15 to pay the debt by instalments; or

(c) in respect of which the Commissioner has agreed to defer recovery under section 255-5.