Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT (No. 6) 1992 No. 227 of 1992 - SECT 19

19. Section 221YHF of the Principal Act is amended:

   (a)  by omitting subsection (1) and substituting the following subsection:

"(1) If:

   (a)  any deductions have been made under this Division from prescribed
        payments made in a year of income to a person (not being a partnership
        or the trustee of a trust estate); and

   (b)  an assessment has been made of the tax payable, or the Commissioner is
        satisfied that no tax is payable, by the person in relation to the
        year of income; the person is entitled to a credit of an amount equal
        to the deductions.";

   (b)  by omitting from subsection (2) all the words before paragraph (b) and
        substituting:

"(2) If:

   (a)  any deductions have been made under this Division from prescribed
        payments made in a year of income to a partnership; and";

   (c)  by omitting from subsection (3) all the words before paragraph (a) and
        substituting:

"(3) The following provisions have effect where any deductions are made under
this Division from prescribed payments made during a year of income to the
trustee of a trust estate:";

   (d)  by omitting subsections (4), (5) and (6).