Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 222AIA

             (1)  If:

                     (a)  the Commissioner serves on a company a statutory demand relating to the company's liability to pay the unpaid amount of an estimate; and

                     (b)  the amount of the estimate is later reduced or the estimate is later revoked;

then:

                     (c)  this subsection changes the statutory demand accordingly; and

                     (d)  the demand is taken to have had effect (as so changed) from the time when it was served on the company.

             (2)  This subsection sets aside the statutory demand if subsection (1) reduces below the statutory minimum the amount of the debt, or the total of the amounts of the debts, to which the demand relates.