Document ID: chunk:federal_register_of_legislation:C2004C01086:clause:18_5
Version: federal_register_of_legislation:C2004C01086
Segment Type: clause
Provision Reference: sch 18 cl 5
Character Range: 328477–329137

5  Subsection 995‑1(1)
Insert:

BAS provisions means:
 (a) Part VII of the Fringe Benefits Tax Assessment Act 1986; and
 (b) the indirect tax law (within the meaning of Part VI of the Taxation Administration Act 1953); and
 (c) Parts 2‑5 and 2‑10 in Schedule 1 to the Taxation Administration Act 1953 (which are about the PAYG system); and
 (d) the following:
 (i) section 221AZK of the Income Tax Assessment Act 1936 in cases in which section 221AZKC applies (that section allows deferral of tax instalment payments);
 (ii) section 221AZKD (which requires notification of deferred tax instalment payments).

Note: BAS stands for Business Activity Statement.