Tax Administration Act 1994

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184AA Refund of tax: deductible amounts of interest

(1)

This section applies when a person is allowed a deduction under section DB 3B of the Income Tax Act 2007, section DB 3B of the Income Tax Act 2004, or section DB 2 of the Income Tax Act 1994.

(2)

The time limits for refunds under the provisions referred to in subsection (3) do not apply for the purposes of the amendments made by sections 194 and 221 of the Taxation (Tax Administration and Remedial Matters) Act 2011 relating to the deductibility of interest imposed under Part 7.

(3)

The provisions are, as applicable,—

(a)

sections RM 2 to RM 6 of the Income Tax Act 2007:

(b)

sections MD 1 and MD 2 of the Income Tax Act 2004:

(c)

sections MD 1 and MD 2 of the Income Tax Act 1994.

Section 184AA: inserted, on 29 August 2011, by section 189(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).