Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:3_160apbd
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 3 cl 160APBD
Character Range: 222938–223953

160APBD  Refund of company tax instalment or company tax

 (1) For the purposes of this Part, a company receives a refund of a company tax instalment or company tax if and only if:
 (a) either:
 (i) the company receives an amount as a refund; or
 (ii) the Commissioner applies a credit, or an RBA surplus, against a liability or liabilities of the company; and
 (b) the refund of the amount, or the application of the credit, represents in whole or in part a return to the company of an amount paid or applied to satisfy the company's liability to pay the company tax instalment or company tax.

 (2) The amount of the refund is so much of the amount refunded or applied as represents the return referred to in paragraph (1)(b).

 (3) The following are not refunds of a company tax instalment or company tax for the purposes of this Part:
 (a) a refund to the extent to which it is referable to a PAYG rate variation credit;
 (b) the application of a PAYG rate variation credit against a liability of the company.