Commonwealth Numbered Acts

Income Tax (Individuals) Act 1982 No. 101 of 1982 - SECT 6

6. (1) This section applies for the purposes of the making of an assessment of
tax (other than further tax payable in pursuance of sub-section 94 (9), (11)
or (12) of the Assessment Act) in respect of the income of a taxpayer of a
year of income where, upon the making of the assessment and the serving of
notice of the assessment upon the taxpayer, there would, but for this section,
be a net amount of not more than 49 cents payable by the Commissioner to the
taxpayer, or by the taxpayer to the Commissioner, under the law relating to
income tax, after taking into account all liabilities of the taxpayer, and all
rebates and credits allowable to the taxpayer, under that law.

(2) Where this section applies in relation to the making of an assessment-

   (a)  if the amount of not more than 49 cents would be an amount payable to
        the taxpayer-additional tax equal to that amount is imposed by this
        Act in respect of the income of the taxpayer of the year of income;
        and

   (b)  if the amount of not more than 49 cents would be an amount payable to
        the Commissioner-the amount that, but for this section, would be the
        amount of income tax imposed in respect of the income of the taxpayer
        of the year of income before the allowance of any rebates to which the
        taxpayer is entitled, is reduced by so much of that amount of not more
        than 49 cents as does not exceed the amount calculated by deducting
        the amount of any such rebates from the sum of the amount that is to
        be so reduced and any amount of further tax payable by the taxpayer in
        respect of that year of income in pursuance of sub-section 94 (9),
        (11) or (12) of the Assessment Act.

(3) A reference in this section to a liability of the taxpayer shall be read
as including a reference to a liability in respect of income tax or
provisional tax notified to the taxpayer by the Commissioner, notwithstanding
that the amount of the liability has not become due and payable.

(4) For the purposes of any calculation under the law relating to income tax
that depends upon the amount of tax paid or payable by, or assessed in respect
of the income of, a taxpayer, the tax assessed and payable under an assessment
in relation to which this section applies shall be deemed to be the tax that
would have been so assessed and payable if this section had not applied.