268-55
CurrentWhen reduction or revocation takes effect
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 4Generic assessment, collection and recovery rules
Part 4-15Collection and recovery of tax‑related liabilities and other amounts
Division 268Estimates
Subdivision 268-DReducing and revoking estimates
268-55 When reduction or revocation takes effect
Scope
(1)
This section applies for the purposes of the following:
(a)
Subdivision 268‑C (Liability to pay estimates);
(b)
section 268‑60 (refund of overpayments);
(c)
Subdivision 268‑E (Late payment of estimates);
(d)
Division 269 (Penalties for directors of non‑complying companies).
When reduction or revocation takes effect
(2)
If the amount of the estimate is reduced, the estimate has effect, and is taken always to have had effect, as if the original amount of the estimate had been the reduced amount.
(3)
If the estimate is revoked, the estimate is taken never to have been made.
This Act’s bill:Second reading speech
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