INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
(a) has taken liability reduction action; or
(b) has paid an initial payment of tax under section 221AP ; or
(ba) has paid a company tax instalment;
the company may lodge an application with the Commissioner for:
(c) the determination of an estimated class A debit in relation to the liability reduction action or in relation to the payment of the initial payment of tax or the company tax instalment; or
(d) the determination of such an estimated class A debit in substitution for an earlier determination.
(a) shall be made before the termination time;
(b) shall be in the approved form; and
(c) shall specify the amount of the estimated class A debit being applied for.
(a) may determine an estimated class A debit not greater than the amount specified in the application; and
(b) shall serve notice of any such determination on the company.
(a) a company lodges an application with the Commissioner on a particular day (in this subsection called the ``application day'' ); and
(b) at the end of the twenty-first day after the application day, the Commissioner has neither:
(i) served notice of an estimated class A debit determination on the company; nor
(ii) refused to make an estimated class A debit determination;
the Commissioner shall be deemed, on the twenty-second day after the application day, to have:
(c) determined an estimated class A debit in accordance with the application; and
(d) served notice of the determination on the company.
A notice of an estimated class A debit determination has no effect if it is served after the termination time.
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