HIGHER EDUCATION FUNDING ACT 1988 - SECT 106U Application of tax legislation

HIGHER EDUCATION FUNDING ACT 1988 - SECT 106U

  (1)   Subject to this Part, Part   IV, and Division   1 of Part   VI, of the Income Tax Assessment Act 1936 ( Assessment Act ), and Part   4 - 15 in Schedule   1 to the Taxation Administration Act 1953 , apply, so far as they are capable of application, in relation to an HEC assessment debt of a person as if it were income tax assessed to be payable by a taxpayer by an assessment made under Part   IV of the Assessment Act.

Note:   Part   4 - 15 in Schedule   1 to the Taxation Administration Act 1953 deals with collection and recovery of amounts on and after 1   July 2000, replacing some provisions in Division   1 of Part   VI of the Income Tax Assessment Act 1936 .

  (2A)   Part   4 - 25 in Schedule   1 to the Taxation Administration Act 1953 has effect as if:

  (a)   any HEC assessment debt of a person were income tax payable by the person in respect of the year of income in respect of which the assessment of that debt was made; and

  (b)   Chapters   4, 4A, 4B, 5, 5A and 5B of this Act were income tax laws.

  (2B)   Subsection   ( 2A) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.

  (3)   Part   2 - 5 (other than section   12 - 55 and Subdivisions   12 - E, 12 - F and 12 - G) in Schedule   1 to the Taxation Administration Act 1953 applies, so far as it is capable of application, in relation to the collection by instalments of an HEC assessment debt of a person as if the HEC assessment debt were income tax.

  (5)   Division   45 in Schedule   1 to the Taxation Administration Act 1953 applies, so far as it is capable of application, in relation to the collection of an HEC assessment debt of a person as if the HEC assessment debt were income tax.