Taxation Laws Amendment Act (No. 2) 1995 (169 of 1995)

Schedule 3   VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Part 1   REFUNDS OF TFN AMOUNTS DEDUCTED IN ERROR

2   After subsection 221YHZC(1A)

Insert:

"(1AA) For the purposes of paragraph (1A)(f):

(a) the total of the amounts of all deductions made by the

investment body during the financial year from unattributed income in

respect of Part VA investments;

is to be reconciled with:

(b) the sum of:

(i) all amounts paid to the Commissioner under subsection

221YHZD(1A) in respect of those deductions; and

(ii) all amounts recorded under paragraph 221YHZD(1AB)(c) as being

offset against amounts to be paid to the Commissioner in respect of

those deductions.".


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).