Modified application of relevant liability provisions
23K Modified application of relevant liability provisions
In this section —
relevant liability provisions means the relevant whole year liability provisions, the relevant part‑year liability provisions and the relevant return period liability provisions.
For the purposes of sections 23F(2), 23G(2) and (3), 23H(2) and (3) and 23I(2) and (4), the relevant liability provisions apply as if a reference to a period or amount set out in an item of the Table in column 1 were a reference to the period or amount set out in column 2 opposite that item.
Table
Column 1 | Column 2 |
|---|---|
an assessment year | a half‑year in the assessment year beginning on 1 July 2019 |
the assessment year | the half‑year |
the year | the half‑year |
the part‑year | the half‑year portion |
the whole assessment year | the whole half‑year |
the annual threshold amount for the year | the threshold amount for the half‑year |
the monthly threshold amount for the year | the monthly threshold amount for the half‑year |
the upper threshold amount for the year | the upper threshold amount for the half‑year |
the tapering value for the year | the tapering value for the half‑year |
Despite subsection (2), section 12(2) applies for the purposes of section 23I(2) as if a reference in that section to the upper threshold amount for the year were a reference to $7 500 000.
Subsection (5) applies if —
an interstate non‑group employer or a member of a group is required to lodge a return for a progressive return period that is in the assessment year beginning on 1 July 2019; and
the progressive return period is partly within the first half‑year in the assessment year and partly within the second half‑year in the assessment year.
Despite subsection (2), sections 15 and 19 apply for the purposes of section 23I(4) as if they required the Commissioner to nominate a deduction for the employer or group in relation to the progressive return period rather than in relation to a half‑year.
[Section 23K inserted: No. 6 of 2020 s. 5.]
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