Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 75

75. (1) Where, by reason of an amendment of an assessment, a person's
liability to tax is reduced-

   (a)  the amount by which the tax is so reduced shall be taken, for the
        purposes of section 93, never to have been payable; and

   (b)  the Commissioner shall-

        (i)    refund the amount of any tax overpaid; or

        (ii)   apply the amount of any tax overpaid against any liability of
               the person to the Commonwealth and refund any part of the
               amount that is not so applied.

(2) In sub-section (1), unless the contrary intention appears, "tax" includes
additional tax under section 93 or Part VIII.