Commonwealth Numbered Acts

TAXATION (UNPAID COMPANY TAX) ASSESSMENT ACT 1982 NO. 119 OF 1982 - SECT 19

19. Where-

   (a)  a person, with the leave of the Commissioner, makes a payment to the
        Commissioner of an amount equal to the amount of the
        vendors recoupment tax that would be payable by the person on the date
        on which the payment is made if an assessment were made on that date,
        in relation to an amount (in this
section referred to as the ''relevant company tax'') of ordinary company tax
or undistributed profits tax payable by a company in relation to a year of
income, of the vendors recoupment tax payable by the person in relation to the
relevant company tax; and

   (b)  vendors recoupment tax later becomes payable by the person in relation
        to the ordinary company tax or undistributed profits tax, as the case
        may be, payable by the company in relation to the year of income, so
        much (if any) of the recoupment tax referred to in paragraph (b) as is
        attributable to tax that-

   (c)  is payable by the company under section 207 of the Assessment Act in
        relation to the relevant company tax; and

   (d)  accrued after the date on which the payment was made to the
        Commissioner, is, by force of this section, remitted.