Summary

• The Tax Laws Amendment (2010 Measures No.5) No 61 Act 2011 amends the Taxation Administration Act to ensure that it will not be mandatory to apply a payment, credit or running balance account surplus against a tax debt that is an activity statement amount unless it is due and payable.  This is in response to recommendation 39 of the Board of Taxation review of the GST administration.
• The measure will take effect from 1 July 2011.

Links to documents

Legislation

• Tax Laws Amendment (2010 Measures No.5) No 61, Act 2011
• Explanatory Memorandum

Media releases

• No -42 issued on 12 May 2009