INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX

Division 1B - Collection of tax on companies and trustees of certain funds

SECTION 221AKA TERMINATION OF OPERATION OF THIS DIVISION

221AKA(1) [When not applicable]

This Division does not apply to a taxpayer in relation to a year of income if Division 1C applies to the taxpayer for that year of income.

221AKA(2) [Effect of non-application]

If this Division ceases to apply to a taxpayer because of subsection (1), the taxpayer is no longer to be regarded as a relevant entity within the meaning of this Division for any purpose of this Act.

221AKA(3) [2000-01 and later income years]

This Division does not apply to a taxpayer for the 2000-01 income year or a later income year.

Note:

For the 2000-01 income year a taxpayer may be liable to pay PAYG instalments: see Division 45 in Schedule 1 to the Taxation Administration Act 1953 .

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