INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Income tax when it becomes due and payable shall be a debt due to the Commonwealth, and payable to the Commissioner in the manner and at the place prescribed.
208(2) [``income tax'']In subsection (1),
``income tax''
includes the general interest charge under a provision of this Act and additional tax under Part
VII
.
Note 1:
The general interest charge is worked out under Division 1 of Part IIA of the Taxation Administration Act 1953 .
Note 2:
Subsection 8AAB(4) of that Act lists the provisions that apply the charge.
View history note
Hide history noteThis section does not apply in relation to:
(a) income tax that becomes due and payable on or after 1 July 2000; or
(b) any other amount that becomes due and payable on or after that day, and that is taken to be income tax for the purposes of this section because of any provision of this or any other Act.
Example:
Subsection 160ARW(1) provides that in section 208 income tax includes franking deficit tax, deficit deferral tax and franking additional tax. This section therefore does not apply in relation to any franking deficit tax, deficit deferral tax or franking additional tax that becomes due and payable on or after 1 July 2000.
Note:
For provisions about collection and recovery of income tax and other amounts on or after 1 July 2000, see Part 4-15 in Schedule 1 to the Taxation Administration Act 1953 .
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