Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1975 No. 80 of 1975 - SECT 49

49. (1) Section 221AF of the Principal Act is amended by omitting paragraph
(a) of sub-section (2) and substituting the following paragraph:-

''(a) in the case of an instalment of tax in respect of income of the year of
income that commenced on 1 July 1973-not earlier than 15 November 1974; and''.

(2) Where, before the commencement of this Act, 2 notices were served on a
company under sub-section 221AF (1) of the Principal Act specifying amounts
payable by the company as instalments of tax in respect of its income of the
year of income that commenced on 1 July 1973, the first notice shall be deemed
to be the notice served on the company in respect of its income of that year
of income for the purposes of sub-section 221AF (1) of the Principal Act as
amended by this Act and the second notice shall be disregarded.