HIGHER EDUCATION FUNDING ACT 1988

CHAPTER 5A - REPAYMENT OF LOANS MADE UNDER CHAPTERS 4, 4A, 4B and 5  

PART 5A.3 - DISCHARGE OF INDEBTEDNESS  

Division 3 - Returns and assessments  

SECTION 106U   APPLICATION OF TAX LEGISLATION  

106U(1)  


Subject to this Part, Part IV , and Division 1 of Part VI , of the Income Tax Assessment Act 1936 ( Assessment Act ), and Part 4-15 in Schedule 1 to the Taxation Administration Act 1953 , apply, so far as they are capable of application, in relation to an HEC assessment debt of a person as if it were income tax assessed to be payable by a taxpayer by an assessment made under Part IV of the Assessment Act.
Note:

Part 4-15 in Schedule 1 to the Taxation Administration Act 1953 deals with collection and recovery of amounts on and after 1 July 2000, replacing some provisions in Division 1 of Part VI of the Income Tax Assessment Act 1936 .

106U(2)  


106U(2A)  


Part 4-25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:


(a) any HEC assessment debt of a person were income tax payable by the person in respect of the year of income in respect of which the assessment of that debt was made; and


(b) Chapters 4 , 4A , 4B , 5 , 5A and 5B of this Act were income tax laws.

106U(2B)  


Subsection (2A) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of thissubsection.

106U(3)  
Part 2-5 (other than section 12-55 and Subdivisions 12-E , 12-F and 12-G ) in Schedule 1 to the Taxation Administration Act 1953 applies, so far as it is capable of application, in relation to the collection by instalments of an HEC assessment debt of a person as if the HEC assessment debt were income tax.

106U(4)  


(Repelaed by No 101 of 2006)

106U(5)  
Division 45 in Schedule 1 to the Taxation Administration Act 1953 applies, so far as is capable of application, in relation to the collection of an HEC assessment debt of a person as if the HEC assessment debt were income tax.


 

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