Document ID: chunk:federal_register_of_legislation:C2016C00969:section:13:p3
Version: federal_register_of_legislation:C2016C00969
Segment Type: section
Provision Reference: s 13 (pt 3/3)
Character Range: 60906–62126

person at the time when the scheme was entered into or carried out to become payable by the person after that time by virtue of the operation of section 7.
 (7) In this section:
future trust recoupment tax, in relation to a person in relation to a scheme, means trust recoupment tax that could reasonably have been expected by the person at the time when the scheme was entered into or carried out to become payable by the person after that time.
prescribed recovery proceedings, in relation to trust recoupment tax, means:
 (a) proceedings by the Commissioner or a Deputy Commissioner for recovery of the trust recoupment tax or part of the trust recoupment tax or of an amount that includes the trust recoupment tax or part of the trust recoupment tax;
 (b) proceedings for enforcement of a judgment given in proceedings referred to in paragraph (a); or
 (c) proceedings by a trustee within the meaning of the Bankruptcy Act 1966 or by a liquidator, being proceedings for the benefit of the Crown, the Commissioner or a Deputy Commissioner or for the benefit of persons including the Crown, the Commissioner or a Deputy Commissioner.
trust recoupment tax includes applied penalty tax, late payment tax and penalty tax.