INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteThe Commissioner may, during a year of tax, cause a notice in writing to be served on a company specifying:
(a) the amount payable by the company as an instalment of tax in respect of its income of the year of income; and
(b) the date on which that amount is due and payable.
The date to be specified in a notice under subsection (1) as the date on which an amount is due and payable by a company as an instalment of tax in respect of income of the company of a year of income shall be a date that is not earlier than 30 days after the date of service of the notice and is:
(a) in the case of an instalment of tax in respect of income of the year of income that commenced on 1 July 1976:
(i) if the notice is the first notice served on the company under subsection (1) in respect of income of that year of income - not earlier than 15 November 1977; or
(ii) if the notice is the second notice served on the company under that subsection in respect of income of that year of income - not earlier than 15 February 1978; and
(b) in the case of an instalment of tax in respect of income of the company of a subsequent year of income:
(i) if the notice is the first notice served on the company under subsection (1) in respect of income of that year of income - not earlier than 15 August in the relevant year of tax;
(ii) if the notice is the second notice served on the company under that subsection in respect of income of that year of income - not earlier than 15 November in the relevant year of tax; or
(iii) if the notice is the third notice served on the company under that subsection in respect of income of that year of income - not earlier than 15 February in the relevant year of tax.
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