INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
(i) the company receives an amount as a refund; or
(ii) the Commissioner applies a credit, or an RBA surplus, against a liability or liabilities of the company; and
(b) the refund of the amount, or the application of the credit, represents in whole or in part a return to the company of an amount paid or applied to satisfy the company's liability to pay the company tax instalment or company tax. 160APBD(2) [Amount of refund]
The amount of the refund is so much of the amount refunded or applied as represents the return referred to in paragraph (1)(b).160APBD(3) [Not refunds]
(a) a refund to the extent to which it is referable to a PAYG instalment variation credit;
(b) the application of a PAYG instalment variation credit against a liability of the company.
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