Commonwealth Numbered Acts

INCOME TAX (ARRANGEMENTS WITH THE STATES) ACT 1978 No. 87 of 1978 - SECT 59

59. After section 221YDB of the Principal Act the following section is
inserted: Reduction of provisional tax in certain circumstances
''221YDBA. Where a State income tax law provides for the making of a payment
to the Commonwealth in partial discharge of the liability for income tax for a
year of income of persons who are residents of the State, the provisional tax
that would, but for sub-sections (1A) and (1B) of section 221YC, be payable by
a person who is a resident of the State (as defined by the regulations) in
respect of income of that year of income in accordance with the preceding
provisions of this Division shall be reduced to such extent as is
prescribed.''.