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.
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